Immigration Attorney Darren Silver Explains How EB-5 Visas Provide Much Needed Economic Stimulus In A Time Of Crisis
February 17, 2010 (PRLEAP.COM) Business NewsThe current economic crisis is forcing up already high unemployment numbers, and with a fervent outcry to quell government spending, many communities are turning to unlikely sources, and discovering some promising solutions. The law offices of Darren Silver explain how Eb-5 Visas and Regional Centers are a great way to add economic stimulus in a community.
USCIS (U.S. Citizen and Immigration Services) approved Regional Centers attracts the investment capital of foreign nationals looking to achieve permanent U.S. citizenship. The EB-5 Visa programs aims to stimulate the economy through an influx of foreign capital thereby creating jobs for American workers in a given community and increasing the production and export of goods and services to surrounding areas. These government approved entities will positively impact the short term and long term fiscal outlook without draining an excess of federal funds.
A standard EB-5 Visa applicant would be required to invest no less than $1 million into a new or existing business in order to qualify for a permanent green card. Regional Centers that are established in certain high unemployment communities only require a minimum investment of $500,000 and the creation of no less than 10 new jobs for qualified employees. These newly established or recently refreshed businesses will revive the local workforce by creating new jobs in the construction industry, sales opportunities, as well as many other positions that otherwise would not exist.
Taxpayers want relief as soon as possible, preferably not in the form of another questionable big ticket bailout proposal. The EB-5 program is a creative, mutually beneficial cooperation between our struggling economy and wealthy foreign investors that seems to many like a step in the right direction. This is one of example of well thought out, effective policy that provides something vital for all parties involved. The Regional Center Pilot Program has been in effect since the early 1990s and has opened the door for many more foreign nationals that are seeking an expeditious path to permanent citizenships but otherwise may not have been able to qualify. Lowering the threshold for minimum investment capital allowed many more applications to be accepted. Each year the USCIS can approve 10,000 EB-5 visas, 3,000 of which are reserved for Regional Center status. If those numbers are realized, the amount of investment capital entering the U.S. could be a much-needed shot in the arm for our ailing economy.
When applying for an EB-5 Visa or to a Regional center it is important to utilize an attorney that has extensive experience. Darren Silver, a prominent attorney that has been practicing immigration law for over 15 years, has crucial relationships and experience with the top Regional Centers across the country. His law firm Darren Silver and Associates is one of the preeminent immigration law firms in the country and is an easy choice when applying for the EB-5 Visa. For more information on Eb-5 Visas and Regional Centers visit his website DarrenSilver.com