In 1990, the EB-5 Immigrant Investor Program was launched in an attempt to boost the American economy with full-time jobs created by foreign investments. Immigration to the U.S. with this visa can be an excellent opportunity for qualified applicants as it is one of the fastest ways to become a permanent resident.
However, the EB-5 visa is one of the most complicated to obtain. The process for approval is a lengthy one, and to ensure everything goes well, it’s best that you hire an EB5 visa lawyer.
The Role of an EB-5 Visa Lawyer
Since the EB-5 visa is one of the most challenging of all immigrant visas, having a lawyer will ensure your application undergoes a smoother process with the United States Citizenship and Immigration Services (USCIS).
Immigration law is always changing, and with a legal expert who specializes in this particular area of the law, they will have the most current information. It’s well worth the cost to hire an attorney even though it is not mandatory to obtain this particular visa.
Every immigrant visa can be a challenge to see through to the final approval process. With the EB-5 visa, it is even more complex. You will have the benefit of someone who is completely up to date about the latest laws and program reforms. Trying to navigate this process yourself may result in missing an important change in requirements, which could lead to a denial of your application.
How an EB-5 Visa Lawyer Can Help You
During the entire EB-5 visa process, your attorney will ensure that you as the investor meet all of the USCIS requirements in the proper time frames. Additionally, your lawyer will help you evaluate how much capital you can afford for your EB-5 investment and which type of project best fits your situation.
You’ll have someone who makes sure that all your forms are filled out and filed correctly with the appropriate entities. Since fees can often change for filing, your EB-5 lawyer will also ensure you pay the correct amount.
Perhaps one of the most crucial components for approval on an EB-5 petition is keeping all financial documents complete and transparent. Your attorney will ensure this happens along with including information on an adequate source of funds.
Complying with all of the rules, regulations, and policies set by USCIS is imperative, too. Making an error can result in missing out on approval. Attorneys in this specific area of immigration law know how to address problems if and when they arise, helping you to resubmit all requisite forms in the event of a rejection.
In short, all foreign entrepreneurs who seek an EB-5 visa should consider hiring an EB-5 attorney for a better chance of success from the start. Doing so will keep you from wasting precious time, allowing you to jump right into your new venture.
