California EB-5 Visa Lawyers
EB-5 Visas and Angel Investors
In this current era of entrepreneurship and startups, there are plenty of opportunities in the United States to invest in. Being an angel investor yourself, you plan to provide substantial financial support to a promising U.S. company. You also plan to attain permanent resident status in the U.S. seeing as how you're putting your stakes in this country; however, you don't know where to start. The Immigration Law Office of Los Angeles, P.C. can help.
Attorney Scott McVarish and his legal associates have provided much needed legal aid to foreign investors throughout our many years of practice in immigration law. We have a deep understanding of all the procedures and regulations of the EB-5 visa program, and can guide you down the right path so you can gain your green card without unnecessary delays. If you wish to discuss the details of your case with one of our highly knowledgeable attorneys in a low-cost consultation, please call (800)792-9889 today.
Obstacles in Applying for EB-5
EB-5 visa qualifications are quite specific and include a capital investment of $1 million or $500,000 in an area with high unemployment and the creation of 10 full-time jobs directly or indirectly in the U.S. Many angel investors neither have the capital nor the job production levels to meet these requirements. Additionally, they cannot obtain a loan secured by the assets purchased for or by the commercial enterprise they are investing in. These barriers can make it quite difficult for the average angel investor to attain a green card; however, there are, or soon will be, ways to get past them.
EB-5 Regional Centers and the Job Creation Requirement
EB-5 regional centers are organizations designated by the United States Citizenship and Immigration Services (USCIS) that act as sponsors for capital investment projects funded by EB-5 investors and other project developers. Rather than investing directly into a new commercial enterprise, EB-5 investors can choose to purchase equity stakes in an investment fund set up by a regional center.
The main advantage of regional centers is that EB-5 investors can count all the jobs – whether direct, indirect or induced – created by their partners within the organization towards the EB-5 job creation requirement. Direct jobs are those held by employees in the commercial enterprise itself; indirect jobs are those created collaterally as a result of the investments; and induced jobs are those created newly within the community where the regional center is located from the flow of capital produced by project employees.
Changes to the EB-5 Program on the Horizon
In recent years, various legislators have been working on an amendment to current immigration law that would lower the investment threshold to $250,000 in equity funding from qualified super-angel investors or venture capital firms. Other proposed changes would make it easier for investors and entrepreneurs in a wider variety of fields to qualify for a green card. The details are still being hashed out as immigration law attorneys wait in anticipation for further developments.
Compassionate Los Angeles Immigration Lawyers
At the Immigration Law Office of Los Angeles, P.C., we provide clients with reliable legal counsel for a reasonable fee. To learn more about the payment plans our firm offers, speak with one of our legal staff by calling our office. You may also fill out and submit an intake sheet and we will get back to you as soon as possible.