The EB-5 Investor Visa program is relatively new, starting in the early 1990s and enduring some complications in its early, developmental stages. After several adjustments and improvements, this program is now becoming a popular and reliable immigration option for foreign investors looking to obtain permanent residency in the United States. Successful Regional Centers across the country are making a significant positive impact on the economy of troubled areas and is enjoying positive publicity for all its benefits. The US economy receives a much needed boost and foreign investors are able to achieve permanent residency for themselves and their families; it is a mutually beneficial arrangement. If you are interested in pursuing an Investment Visa, you need to retain an experienced Immigration Attorney that can help you avoid some of the common pitfalls that people face when trying to complete the application process.
Here are some of the most common problems investors run into while trying to obtain an Investment Visa:
- Insufficient Documentation – It is important that you keep comprehensive and up to date documentation on yourself, your spouse and your children at all times. Talk to your Immigration Lawyer about what papers you need to complete the application and remember to make extra copies of everything. Also, make sure your financial records are thorough and consistent. If you cannot prove that you have the necessary resources to complete the EB-5 investment then you will not be able to proceed with the application.
- Choosing the wrong Regional Center – You need to invest in a successful and government approved Regional Center with a proven track record and reliable performance. Beware of unapproved centers that are not fiscally sound as they will be unable to produce the necessary jobs to satisfy your EB-5 status.
- Failing to Meet Minimum Job Requirements – Remember that your investment must create jobs in order for you to be eligible for permanent residency. If sufficient jobs are not created then you will not be able to obtain your green card.
- Hiring an Unreliable Immigration Attorney – Immigration Law is very complex and requires the expertise of a dedicated attorney who is staying current on new laws and participating in continued education. Make sure to choose an Immigration Lawyer with experience in dealing with investors from many different countries and has excellent relationships with all the necessary government immigration organizations. Ask your friends or other investors for referrals and do plenty of independent research.
Do not hesitate to voice your concerns and ask as many questions as you need to feel comfortable before retaining you lawyer; make sure you are hiring someone that you can trust. Contact Darren Silver and Associates today for more information about obtaining an EB-5 Visa. |
