Despite the economic complications of the COVID-19 pandemic, the Lehigh Valley again ranked among the fastest-growing regions in the United States, highlighting its ongoing and robust economic growth. Large-scale economic projects in the region contributed to its continued growth over the last year.» Read More
While the U.S. economy continues to grow, foreign investors are having increasing difficulty investing in businesses within the United States. Several U.S. consulates have restricted or outright suspended the adjudication of E-visa applications, contributing to a significant decline in foreign investments in U.S.» Read More
On July 16, 2021, the Biden administration issued a Hong Kong Business Advisory highlighting changes in the political climate of China and Hong Kong. The advisory, titled “Risks and Considerations for Businesses Operating in Hong Kong,” was issued by the Treasury, State, Commerce, and Homeland Security Departments.» Read More
Noncitizens who seek an immigrant visa through the coveted Employment-Based Fifth Category (EB-5) program must meet minimum investment and job creation requirements. Such investments typically consist of capital contributions in the form of cash, equipment, inventory, and other tangible property. On July 22, United States Immigration and Citizenship Services (USCIS) issued a policy stating that loan proceeds will be viewed as cash rather than indebtedness.» Read More
President Biden and other leaders from G-7 decided to unify and resolve issues pertaining to free and fair trade. The global leaders agreed to collectively set up concrete actions to fight against the issues of forced labor, anti-corruption, and ransomware.» Read More
