How An Experienced Attorney May Save You Of EB-5 Visa Risks
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<strong>How</strong> <strong>An</strong> <strong>Experienced</strong><br />
<strong>Attorney</strong> <strong>May</strong> <strong>Save</strong><br />
<strong>You</strong> <strong>Of</strong> <strong>EB</strong>-5 <strong>Visa</strong><br />
<strong>Risks</strong>?
The <strong>EB</strong>-5 visa program is meant to drive meaningful<br />
growth in the US that can drive job and growth. The<br />
immigrants under this program are required to place<br />
more than USD 500,000 in the US ventures to create<br />
local jobs. In return for this investment and job creation,<br />
the <strong>EB</strong>-5 investor gets lawful permanent resident status<br />
for himself and family. But things are not as easy as it<br />
may seem given many risks associated with it that is why<br />
hiring an attorney for <strong>EB</strong>-5 investment visa may be the<br />
best decision. Here are some of the risks that are<br />
associated with the program:<br />
First – Unclear Solvency and<br />
Ownership of RC<br />
<strong>You</strong> may have to pay USD 50,000 in fees over and above<br />
USD 500,000 investments to qualify for an <strong>EB</strong>-5 visa. Will<br />
you pay the fees without getting clarity on the ultimate<br />
beneficiaries of regional center? If the regional center<br />
project fails within the first two years after a conditional<br />
green card is issued, then investors may get trapped in
the conditions which may force him to lose the green<br />
card. But with the help of the attorney, you may find out<br />
the solvency and track records of regional centers before<br />
making investments and paying a fee.<br />
Second-Regional Center’s certificate<br />
gets revoked<br />
Then there is a possibility that USCIS might revoke the<br />
certification of a Regional Center. It is done mainly in<br />
cases where there is no economic activity or there is the<br />
possibility of outright fraud. <strong>An</strong>d if that happens, the<br />
investor is left with no way out. All the progress he has<br />
made in the queue towards green card consideration<br />
may lay waste. A recent data suggests that as many as 78<br />
regional centers have faced termination. It’s where hiring<br />
an expert attorney for <strong>EB</strong>-5 investment visa may guide<br />
you for a regional center which ensures that RC is a<br />
genuine one.
Third-Absence of any Fiduciary duty<br />
There is no clear law which states that a regional center<br />
has a fiduciary duty to the <strong>EB</strong>-5 investor. While it may<br />
seem that there is some duty towards these investors<br />
but lack of clear standards leaves investors exposed to<br />
fraudulent or financially weak regional centers. But<br />
taking the services of an attorney for <strong>EB</strong>-5 visa helps you<br />
mitigate these risks as well.<br />
In The End<br />
Having an experienced attorney for <strong>EB</strong>-5 investment visa<br />
makes sure that there are fewer risks to your application<br />
and it goes through without any issues.