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Mission Melchionna PLLC is an indipendent law firm. Melchionna PLLC’s mission is to provide outstanding legal services and tax advice. We focus on building a relationship with...
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Luca CM Melchionna, Esq., Managing member Luca CM Melchionna has 25+ years of experience in both private practice and academia, in Italy and in the United States. He is a...
About us
Melchionna PLLC, a law firm with a focus on business, corporate, tax, and IP law.
About us Melchionna PLLC represents and assists North American and European business clients in achieving their goals with sound legal advice and innovative solutions to current...
Business law
On November 21, new rules entered into effect on EB – 5 Immigrant Investor Program
The Immigrant Investors Program (EB-5) allows foreign investors to apply for permanent residence in the U.S. (green card) if they invest in a commercial enterprise and create or...
Food law
Pennsylvania: recent changes in serving alcoholic beverages
On November 21, 2019, Pennsylvania Governor Tom Wolf signed into law House Bill 947 (now known as Act 86 of 2019) in order to address the inconsistent alcoholic beverage serving...
International trade
Balance of Trade for goods exchanged between the EU, France, Germany, Switzerland, Italy and the US: the first nine months of 2019
The balance of trade for goods is the net amount of EU and US exports and imports over a stated period of time. In 2019, the trade balance of goods between EU and the US shows a...
International trade
US responses to France Digital tax
On December 2, 2019, the Office of the US Trade Representative (USTR) concluded its investigation under section 301 of the Trade Act of 1974 into France’s new Digital Services...
International tax
Tax planning in Luxembourg: Directive 2018/822
On July 1, 2020, the Directive 2018/822, commonly referred to as DAC 6 or Mandatory Disclosure for tax intermediaries, will be effective in Luxemburg. A bill implementing this...
Food law
October 21, 2019, Update on “The United States is set to impose new tariffs on goods imported from certain countries of the European Union: the WTO DS316 Decision.” Italian Fruit and Meat
On October 18, 2019, the additional tariff on goods imported from Italy entered into effect. Among other items, certain Italian fruits and meats are now subject to an additional...
Food law
Milk Sounding: How to reconcile legal definitions and consumers’ perception of products with potentially misleading labels: towards the modernization of food standard of identity
Since the 1930s, the Food and Drug Administration (“FDA”) has defined milk as “lacteal secretion [. . .] obtained by the complete milking of one or more healthy cows”. (21 CFR...
Finance and banking
Bank Secrecy: US, Luxemburg, and Switzerland’s Governments have agreed to limit bank secrecy rule. The Additional Tax Protocol and Article 28 of the US-Luxembourg Tax Treaty
2019 Tax Protocol with Luxembourg On September 20, 2019, the US Treasury Department announced the ratification of a new tax protocol (“Additional Protocol”) between the United...
International trade
October 18, 2019, Update on “The United States is set to impose new tariffs on goods imported from certain countries of the European Union: the WTO DS316 Decision.” Cheese imported from Italy
October 18, 2019, Update on “The United States is set to impose new tariffs on goods imported from certain countries of the European Union: the WTO DS316 Decision.” Cheese...
On November 21, new rules entered into...
The Immigrant Investors Program (EB-5) allows foreign investors to apply for permanent residence in the U.S. (green card) if they invest in a commercial enterprise and create or preserve 10 full-time jobs for qualified American workers. USICS published the final rules on July 24, and on November 21, they entered into effect.
Under the new rules, the minimum investment is now $1.8 million (originally $1 million) for non-TEA (Targeted Employment Areas) and $900,000 (originally $ 500,000) for TEA areas, namely highly unemployment and/or rural areas. Beginning on October 1, 2024, and every five years thereafter, this amount will automatically adjust based on the cumulative annual percentage change in the unadjusted All Items Consumer Price Index for All Urban Consumers (CPI–U) for the U.S. City Average reported by the Bureau of Labor Statistics as compared to $1,000,000 in 1990.
Gerrymandering governmental competences (through manipulation of boundaries) has been revised: DHS will be responsible of the designation of all TEAs.
In addition, the new rules clarify that, in most circumstances, an investor’s derivative family member (i.e. spouse or child) must file their own petitions to remove conditions from their permanent residence when they are not included on the investor’s petition to remove conditions. They also update the regulation to conform to the current EB-5 Visa process for issuing permanent resident cards (Green Cards).
More information on the new EB-5 Program rules is available here. The “Reform and Integrity Act” is available here and the Bill text is available here.
The information provided here does not, and is not intended to, constitute legal advice but simply information for general purposes only and may not be the most up to date. Use of our website or any of its links or resources do not create an attorney-client relationship between the reader, user, or browser and the law firm. The views expressed at, or through, this site are those of the individual authors writing in their individual capacities only.