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EB-5 Visa Consulting Firms: To Use or Not to Use

Thursday, 30 September 2010

(Source: Exclusive Visas) With such an economic decline in the United States in recent years, foreign capital is becoming increasingly sought after. The ability to rely primarily on domestic investment and funding sources has put businesses and corporations in a difficult situation. Developers want to know how they can become a government approved EB-5 Regional Center and attract this foreign capital, all the while foreign EB-5 visa-seeking investors want to know exactly which Regional Center they should be investing in and how - what is the safest investment with the least risk and best expected results? - That is the question.
The $500,000 investment into a USCIS approved Regional Center conditionally provides the foreign investor and the investor's immediate family (unmarried children under 21) with an EB-5 visa green card. Provided that the investment either directly or indirectly creates 10 jobs, issuance of an EB-5 visa administers permanent U.S. residency.
Though it sounds simple enough - with more than 100 approved Regional Centers in the United States - the actual process of selecting the right one can be a difficult decision for any foreign investor, especially when the investor's knowledge on each and every Regional Center and the entire EB-5 process as a whole is much less than distinguished. Given that the investment is fully at risk there is a chance that the chosen center may not meet the requirements. In this case, the investor not only loses their chance of obtaining an EB-5 visa but also loses their money.
Sole reliance on a Regional Center's advertising or expectant results is a risky business and a lot of Regional Centers encourage the investor to work directly with them in investing into their program. This can prove to be a strong disadvantage to the investor and the investor's best interests. If a Regional Center fails to report or misrepresents information it can leave the investor in an unfavorable position. Therefore it is very important to research and compare all options. One way, in particular, is by utilizing a consulting firm. The most esteemed consulting firms play a huge role in acting as a type of unbiased counselor in the EB-5 process; providing due diligence reports, financial projections, assessing risk, reviewing all legal documents and most importantly monitoring the project until completion, the consulter essentially helps to remove most burdens of the investor.
The best consulting firms consist of a team of not only expert consulters but also include financial specialists, economists, SEC attorneys, immigration attorneys, business attorneys, industry researchers and even marketing directors. Clearly, this type of task force possesses the professional background and skill necessary to aide the foreign investor in making the wisest decision on which Regional Center to choose. Unless the potential foreign investor encompasses the education and skills of a lawyer, businessman and marketer, collecting and assessing all relevant data can be a distressing task.
When inquiring about using a potential consulting firm it is important to confirm their credentials; verifying the firm's success rate, especially by way of requesting personal testimonies from previous clients and also discovering what nationalities they have worked with are useful types of information when questioning the firm's practice. Questioning how they are being compensated can provide evidence to the firm's validity as well; if they are being paid by just the client or if they are also receiving kick-backs from certain Regional Centers in an effort to advance all referrals. Another source of credibility is finding out how many Regional Centers their clients have used, the higher the amount - provided they have a high success rate - would generally be a key sign that the consulting firm is legitimate and has experience, which is ultimately what any investor would want.
Expert consulting firm, Exclusive Visas, works with clients whose nationalities range from Indian, Chinese, Venezuelan and even Russian. It comes as no surprise that they are the leading consulting firm pertaining to EB-5 visas on the market today. A useful tool for simply researching the EB-5 program is www.eb5exclusive.com where there are resources to all the latest EB-5 news, press releases and blogs.

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