Joseph Barnett

Joseph Barnett

Immigration Lawyer

Santa Monica, CA, United States

4
Posts

4
Best Answers

Personal Information

Email

jbarnett@wolfsdorf.com

Phone Number

+1 (310) 570-4088

Address

1416 2nd Street

About

Joseph “Joey” Barnett is a partner at Wolfsdorf Rosenthal LLP and a member of the firm’s EB-5 and business immigration practices. He is licensed as an attorney in Illinois and Wisconsin and practices exclusively in immigration and nationality law. Mr. Barnett represents immigrant investors seeking permanent residency in the United States through USCIS-designated Regional Centers and investment in their own businesses. Mr. Barnett also assists developers with the establishment of complex corporate and financing structures for EB-5 capital. He works with economists, securities lawyers, business plan writers, and other professionals to prepare Regional Center applications, amendments, and project “exemplar” approvals. As the lead member on the firm’s Chinese EB-1 team, Mr. Barnett has successfully represented Chinese executives, researchers, professors, medical professionals, engineers, musicians and artists, media and public relations professionals, and others with extraordinary ability in the sciences, arts, education, business, or athletics seek permanent residency in the U.S. Mr. Barnett also assists executives and managers in multinational companies to obtain permanent residency in the U.S. Mr. Barnett is also responsible for a variety of other immigration matters, including temporary work visas, employment-based petitions, administrative appeals, and federal writ of mandamus lawsuits.

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Joseph “Joey” Barnett is a partner at Wolfsdorf Rosenthal LLP and a member of the firm’s EB-5 and business immigration practices. He is licensed...

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AILA Member

Yes

Experience

9 years

Education

  • J.D. – Vermont Law School, 2010
  • Masters of Environmental Law and Policy – Vermont Law School, 2010
  • B.A., Economics and Legal Studies – University of Wisconsin-Madison, 2006

State Bar Admissions

  • Wisconsin, 2010
  • Illinois, 2011
  • Northern District of Illinois

Professional Associations And Memberships

  • AILA, Member
  • Member, IIUSA Editorial Committee

Best Answers

Q: What are some advantages of the EB-5 Immigrant Investor Program?

The many advantages of EB-5 include (a) right to live in the US permanently, without US employer sponsorship or family-based sponsorship; (b) can live, work, travel freely; (c) can start own business in U.S.; (d) can qualify for lower tuition for children. The flexibility provided to EB-5 immigrant investors is incredible compared to most other visa options.

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What does 'at risk' mean?

To qualify as an EB-5 investment, the immigrant investor must actually place his or her capital \"at risk.\" The mere intent to invest is not sufficient. If the immigrant investor is guaranteed a return, or a rate of return on all or a portion of his or her capital, then the amount of any guaranteed return is not at risk. For the capital to be at risk there must be a risk of loss and a chance for gain. Additionally, the full amount of the investment must be made available to the business​​)​ most closely responsible for creating the employment upon which the petition is base​d​. In the regional center context, the immigrant investor must establish that the capital was ​invested into the new commercial enterprise and ​that the full amount ​was subsequently made available to the job-creating entity

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Can my investment money be a gift?

Yes, there is no prohibition on using funds that were gifted for the EB-5 investment. The immigrant investor will need to provide a gift instrument documenting gifts to the immigrant investor, as well as document how the giftor earned the money and lawfully transferred it to the immigrant investor. Additionally, any applicable gift/donation taxes must be paid or withheld for EB-5 compliance. There are other securities-related issues too that must be complied with in this scenario.

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Q: What is conditional permanent residence?

A conditional permanent resident receives a Green Card valid for 2 years. In order to remain a permanent resident, a conditional permanent resident must file a petition to remove the condition during the 90 days before the card expires. The conditional card cannot be renewed. The conditions must be removed or you will lose your permanent resident status.

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Firm Information

Wolfsdorf Rosenthal LLP

Cases Filed

I-526

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Cases Filed

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Approved to-date

I-829

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Cases Filed

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Approved to-date

I-924

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Cases Filed

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Approved to-date

Joseph Barnett

Joseph Barnett

Immigration Lawyer

Santa Monica, CA, United States

Posts

4

Best Answers

4

  
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