A major aspect of Feinstein & Partners’ practice includes representation of foreign investors in connection with the EB-5 investor visa program. EB-5 is an investment based program which allows foreign investors to obtain U.S. permanent residency – “Green-Card”.
To qualify for the EB-5 investor visa program, an investor must satisfy two major requirements: first, investing $1,000,000 in the establishment of his/her own business; and second, creating 10 jobs. The investment amount may be lowered from $1,000,000 to $500,000 if an investor chooses to invest through an USCIS approved Regional Center located in a targeted employment area. Among USCIS’s approved targeted employment areas are New York City (Manhattan), Florida (Miami), Georgia (Atlanta), and other regions. We have represented clients in connection with EB-5 investor projects in the major metropolitan targeted employment areas.
We have substantial experience in guiding foreign investors through the EB-5 visa process in connection with Regional Center investments as well as complex EB-5 cases for investors starting their own business in the U.S.
The scope of our EB-5 investor program services includes:
- Conducting full due-diligence of the selected regional center to ensure that it was pre-approved by USCIS; checking historical approval and denial rates of 1-526 petitions; checking if the regional center developer contributed its own funds to the project; and reviewing corporate documentation, project business plan and financials, etc.
- Preparing and compiling all necessary documentation (including Form I-526) to ensure a seamless application process and timely issuance of an EB-5 visa
- Guiding clients through the process of proving lawful source and path of investment funds
- Adjusting client’s status to conditional residence status once client’s visa application is approved
- Filing for adjustment of status (Form I-829), application to remove conditions on the client’s residence, at the appropriate time