Francis Fungsang Named One of Crain’s Cleveland Business’ Forty Under 40
Margaret W. Wong & Associates congratulates our partner, Francis Fungsang, Esq., for the distinction of being named one of Crain's Cleveland Business’ “Forty Under 40,” Class of 2014.
Now in its 23rd year, Crain’s Forty Under 40 program honors individuals under the age of 40 for their professional success and civic contributions. And Francis is a fine example. As the Partner in charge of our EB-5 Immigrant Investor Practice Group, and the Corporate Law Practice Group, Francis has spear-headed the law firm’s practice that helps corporations across the country to obtain work visas or permanent residency for their employees.
He’s also carefully built the firm’s EB-5 Immigrant Investor practice, through which people from around the world may apply for permanent residency for themselves and their families after making an investment in the success of an American business concern.
United States immigration law is highly complex and few companies or individuals can understand it sufficiently to obtain the best result. Every foreign-born seeking employment in the U.S. has unique qualifications and capabilities. There are many types of visas to account for each category of worker: twenty-one visas for temporary workers; business visitors; permanent workers with differing “preference” classifications; and various student worker restrictions. Further, visas require compiling and submitting multiple forms and evidence of qualifications.
The EB-5 Immigrant Investor program requires great care and coordination. Overseas investment funds must be carefully scrutinized to determine their source and legality, and the U.S. business receiving the investment must have a realistic plan to utilize the funds and create sufficient U.S. jobs. Once the investment petition is approved, the investor receives conditional, two-year Green Card. To remove the “conditions” on the residency, the investor must demonstrate that the investment led to the creation of the required U.S. jobs. Francis has overseen many of these cases, welcoming new, highly capable residents and helping them to build their own American Dream.
The arrivals of some of your fellow Clevelanders, and their contributions to several new construction projects around town, are direct results of Francis’ expertise. Thank you Francis!