Managing Partner Michael Wildes Esq was recently quoted in a China
Daily USA article regarding The Kingsbridge Armory EB-5 immigrant visa
project.
China Daily USA, China Daily’s US edition, keeps North American readers current on the developments in one of the world’s fastest-growing countries and facilitates constructive dialogue between China, the US and the world at large.
Declared
a New York City landmark in 1974, The Kingsbridge Armory, located in
the Bronx, NY, has been vacant since 1996. This historical building is
now the focus of a redevelopment plan which will convert the empty space
into one of the world’s largest indoor ice skating facilities.
Under
the EB-5 regulations, foreign nationals may ultimately qualify for
Lawful Permanent Residency status if they invest a minimum of $1 million
into a qualifying project which creates at least 10 full time jobs or
$500,000 in low employment or rural areas.
The
EB-5 program was created in 1990 by the US Congress in order to help
stimulate a fledgling economy. To date, Chinese nationals have outpaced
all other nationalities in the bid for EB-5 immigrant investor visas.
The
Armory project is projected to cost $350 million. According to Michael
Wildes, “ my Dad testified in support of the EB-5 program before
Congress decades ago, which speaks to the national heritage of immigrants and entrepreneurs”.
Michael’s
dad, Leon, is the founding partner of the firm, having established the
practice more than 5 decades ago, and is most well-known for his
successful representation of John Lennon and Yoko Ono in their
deportation proceeding.
Today,
the firm has 3 offices (New York City, Englewood, NJ, and Miami) and
continues to serve a distinguished domestic and international clientele
in all areas of U.S. immigration law, including employment and
investment-based immigration, work permits, permanent residence for
qualified individuals, family-based immigration, asylum applications,
student and religious worker visas as well as all other temporary and
permanent-type visas.
To view the article, please click here.
Source: http://www.wildeslaw.com/index.php/news-events/in-the-news/1192-michael-wildes-quoted-in-china-daily-usa-article
