In 1990, Congress established the EB-5 investor program in order to develop and flourish the U.S. economy through job creation and capital investment by foreign investors. Depending on whether the investment is located in a targeted employment area (TEA), rural area or neither, investors are required to meet the current capital investment amount of either $500,000 or $1 million (subject to change in the near future). The Immigrant Investor Program requires all EB-5 investors to prove that their investment helped to create at least 10 full-time jobs for U.S. workers within 2 years of the immigrant investor receiving their conditional permanent residency in the U.S. There are two pathways for EB-5 investment: Direct investment or Regional Center investment. Consider these requirements to determine which EB-5 pathway is best for you. Read more
In the March 20, 2017 issue of the Orange County Business Journal, David Hirson & Partners, LLP was recognized as a top law firm in all of Orange County, California. After less than three years in operation, this Business & Investment Immigration Law Firm is ranked #83 of law firms the county.
The EB-5 investor visa program, which is administered by the United States Citizenship and Immigration Service (USCIS), offers foreign entrepreneurs the opportunity to obtain lawful permanent residence and citizenship in the United States.
The program has simultaneous objectives of immigration to the United States through eligible investment in a commercial enterprise and the creation of jobs for U.S. citizens and lawful residents.
Qualifying for an EB-5 Visa
To qualify, a foreign investor must meet three basic requirements:
David Hirson & Partners, LLP is excited to offer the following article, “The Evolving Role of EB-5 Counsel – Considerations for Multi-Party Representation in EB-5 Deals,” to our Vietnamese audience and clients.
The original English version is available to read here. This was originally written for and published in NES Financial’s publication: Navigating a Changing EB-5 Sector – Insights from Experts.
The attorneys at David Hirson & Partners consistently contribute to and publish expert insight in various EB-5 and immigration publications around the world.
If you would like more information about the future of the EB-5 Visa Program, integrity measures, or best practices, feel free to contact our experienced EB-5 team at David Hirson & Partners, LLP today:
The immigrant investor program, also known as the EB-5 program, was part of an overhaul of the U.S. immigration system. The purpose of the program is to stimulate the U.S. economy and to create jobs by giving foreign investors the opportunity to permanently live and work in the United States after they have invested in a job-creating U.S. business.
In short, if a foreign entrepreneur invests money in a U.S. business and, because of that investment, at least 10 full-time U.S. jobs are created, the foreign investor, his spouse and his children (under the age of 21) will receive U.S. green cards. Read more
You have been fortunate in your life at home.
Now you wish to open up a new world for yourself and your family by immigrating to the United States.
There you can freely decide where you want to work and live; perhaps even start a new career or enjoy the benefits of world-renowned education.
Your children will have access to public schools and you will only have to pay in-state college tuition (if you decide to live in the same state as the college or university).
Or, you may simply want to pursue happiness in the United States by building a new life, a new home, and a new future.
On December 6, 2016, the U.S. Congress introduced a bill that reauthorized the EB-5 Regional Center Program through April 28, 2017.
The EB-5 Regional Center program, as part of the EB-5 Immigrant Investor Program, allows U.S. business entities to create investment opportunities for foreign investors to invest in and create jobs in the United States and thereby qualify for greens cards to live and work in the U.S. Read more
Nima Korpivaara, Partner at David Hirson & Partners, LLP, was one of four expert panelists who spoke on the evolution of the EB-5 industry at NES Financial’s Innovation Summit 2017 held in Miami on Tuesday, February 7, 2017 at the Intercontinental Miami Hotel. Nima shared his expertise alongside Michael Gibson (USAdvisors.org), Julian Montero (Arnstein & Lehr, LLP), and Rohit Kapuria (Arnstein & Lehr LLP). The panelists discussed the differences between EB-5 investors from various parts of the world and shared their insights into how investors from different countries think about immigration and investment plans. Discussion points included currency restrictions around the world and how different processing times for different investors affect their selection of projects to invest in. One example discussed was how many Chinese investors prefer to invest in EB-5 regional center projects instead of direct EB-5 projects. This panel also spoke about transparency in the EB-5 industry and the industry’s progress towards having more transparency.
If you would like more information about the future of the EB-5 Visa Program, how EB-5 investors differ from each other, or integrity measures, feel free to contact our experienced EB-5 team at David Hirson & Partners, LLP today:
Mr. Leon Rodriguez, the immediate past-director of the United States Citizenship and Immigration Service (USCIS), spoke at the NES Financial Innovation Summit, held on Thursday, February 2, 2017, at City Club Los Angeles. As a private citizen, Mr. Rodriguez was able to share his personal opinions and experiences with the EB-5 stakeholder audience. Read more
David Hirson, Partner at David Hirson & Partners, LLP, was one of four distinguished panelists who spoke about the future of the EB-5 Visa Program at NES Financial’s Innovation Summit 2017 held in Los Angeles on Thursday, February 2, 2017 at the City Club Los Angeles. David spoke on the panel titled: Legislative Reform in 2017: A New Era Begins for EB-5, alongside Cathy Holmes (Jeffer, Mangels, Butler & Mitchel LLP), Michael Homeier (Homeier & Law, P.C.), and Angelo Paparelli (Seyfarth Shaw LLP). Read more
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