A Panel Discussion on U.S.A. and Canadian Immigration Business and Investor Visa Options and U.S.A. Tax Considerations March 24, 2011

Sullivan & Worcester LLP
One Post Office Square
Boston, MA 02109

RSVP: Suzanne Storms, NECBC, at necbc@comcast.net or (508) 923-0365
Kindly respond by Friday, March 18, 2011(there is no fee to attend the seminar).

For foreign nationals who are seeking to work, invest or develop business in the U.S., the immigration laws and tax rules are complex, loaded with traps for the unwary. Because the ability of the U.S. to tax foreign nationals is based on either the individual’s status under U.S. immigration laws or on the individual’s number of days of physical presence here, this panel discussion combines consideration of the various types of U.S. and Canada Immigration, Business and Investor visas, with the accompanying U.S. tax implications. In addition to learning about different immigration visa options, participants will learn that depending on the type of visa and the amount of time a foreign national spends in the U.S., the foreign national could be subject to U.S. taxation on worldwide income; and such taxation may exist even after the foreign national has left the United States. In particular, the panel will highlight the immigration business visa types below, all of which have U.S. tax implications. Because of these tax implications, participants will hear about the U.S. income tax planning steps that might be implemented while the foreign national remains in nonresidence status; thereby limiting the investment and business income that would subsequently be subjected to the global application of the U.S. income tax. E-1 Treaty Traders: A nonimmigrant classification allowing nationals of a treaty county to be admitted to the U.S. solely to engage in international trade. E-2 Treaty Investor: A nonimmigrant classification allowing nationals of a treaty county to be admitted to the U.S. when investing a substantial amount of capital in a U.S. business. EB-5 Immigrant Investor: Available to immigrants seeking to invest in a new commercial enterprise or investing in a troubled business that will benefit the U.S. economy and create at least 10 full time jobs. TN-Treaty National: Part of the North American Free Trade Agreement (NAFTA) and enables Canadian and Mexican citizens to enter the U.S. to temporarily engage in professional business activities. H-1B Specialty Worker: Enables skilled international professionals and/or international students the opportunity to live and work in the U.S., which generally leads to applying for a Green Card (Legal Permanent Residency). L’s Intracompany and Intercompany Transferee: The L-1 visa has two subcategories: L-1A for executives and managers, and L-1B for workers with specialized knowledge. Allows foreign nationals being transferred by their current employer to enter the U.S. to manage or work in the organization.

Panel Speakers:

Ellen S. Kief
Law Office of Ellen S. Kief, Boston, MA

H. Ronald Klasko
Klasko, Rulon, Stock & Seltzer, LLP, Philadelphia, PA

Joel Guberman
Guberman Garson, Toronto, Ontario

Douglas Stransky
Sullivan & Worcester LLP, Boston, MA