How An Experienced Attorney May Save You Of EB-5 Visa Risks?

Posted by Linda Hudson on July 31st, 2018

The EB-5 visa program is meant to drive meaningful growth in the US that can drive job and growth. The immigrants under this program are required to place more than USD 500,000 in the US ventures to create local jobs.  In return for this investment and job creation, the EB-5 investor gets lawful permanent resident status for himself and family. But things are not as easy as it may seem given many risks associated with it that is why hiring an attorney for EB-5 investment visa may be the best decision.  Here are some of the risks that are associated with the program:

First – Unclear Solvency and Ownership of RC

You may have to pay USD 50,000 in fees over and above USD 500,000 investments to qualify for an EB-5 visa. Will you pay the fees without getting clarity on the ultimate beneficiaries of regional center? If the regional center project fails within the first two years after a conditional green card is issued, then investors may get trapped in the conditions which may force him to lose the green card. But with the help of the attorney, you may find out the solvency and track records of regional centers before making investments and paying a fee.

Second-Regional Center’s certificate gets revoked

Then there is a possibility that USCIS might revoke the certification of a Regional Center. It is done mainly in cases where there is no economic activity or there is the possibility of outright fraud. And if that happens, the investor is left with no way out. All the progress he has made in the queue towards green card consideration may lay waste. A recent data suggests that as many as 78 regional centers have faced termination. It’s where hiring an expert attorney for EB-5 investment visa may guide you for a regional center which ensures that RC is a genuine one.

Third-Absence of any Fiduciary duty

There is no clear law which states that a regional center has a fiduciary duty to the EB-5 investor. While it may seem that there is some duty towards these investors but lack of clear standards leaves investors exposed to fraudulent or financially weak regional centers. But taking the services of an attorney for EB-5 visa helps you mitigate these risks as well.

In The End

Having an experienced attorney for EB-5 investment visa makes sure that there are fewer risks to your application and it goes through without any issues.