Asian Journal- The Filipino-American Community Newspaper

IMMIGRATION Lawyer, Darren Silver compares the Popular EB-5 Investment Immigration option to the newly Proposed EB-6 Immigration Path.

Legislation supporting immigrants with the wherewithal to start companies in the US has been introduced by Senators John Kerry and Richard Lugar with the hopes that it would help create badly needed US jobs.

The Newly introduced, EB-6 or also known as the "Visa Startup Act" would grant a two-year visa to a foreign entrepreneur who can prove a qualified US investor or a US venture capital firm is willing to sink at least $100,000 into the startup. Overall, the business needs at least $250,000 in backing.

As a brief background, the EB-5 Program is divided into two distinct options, a direct, hands-on option and a more passive, retirement options. The passive option of the current EB-5 immigrant Visa allows for a foreign national to obtain permanent residency status via an investment into a USCIS designated Regional Center. A Regional Center is a private business that has proved to the US Government that it has certain business practices and strategies in place including that of stringent U.S employment creation requirements. The Foreign Investor will infuse a sum of generally $500,000 into one of these Regional centers. The Business then benefits by the large infusion of ready capital, the Investor benefits by having his/her US Status expeditiously approved and finally the U.S Economy benefits in that the Regional Center will create at least 10 new jobs from each Investor. The Investor will generally receive his or her investment back in a period of approximately 5 years. The investor has very little duties with the Regional center during this time.

The "Direct" EB-5 option requires that the Investor purchase an existing or create a new Business enterprises in the US The Investor will also need to infuse $500,000 or $1 million, depend ing on location of the business. The Investor must manage this business and as with the Regional Center will be required to create 10 new jobs.

The newly introduced EB-6 visa is an offshoot of the Direct EB-5 path. Under the EB-6 option, an investor would be required to start up a new business, will have options to raise capital from venture capitalists. (the EB-5 visa requires the investment to be traced directly to the investor). The entrepreneur would be required to create at least 5 new jobs or create at least $1million in revenue to be eligible for a Permanent Green Card.

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 all EB-5 options and is familiar 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

Darren Silver & Associates files the Immigration Petition. If the petition is approved, the investment is transferred to the Regional center. If the Petition is denied, the investment is refunded in full back to the investor. The processing of the petition will take 30 to 90 days on average.

Upon approval, our Firm will immediately file the investor’s Adjustment/Green Card. The investor will receive his green card in 6 to 12 months. (if inside the US, A work permit in about 60 to 90 days).

We Look forward to answering any of your questions. You are invited to Call our Office or E-mail Mr. Silver Directly for his personal response to your immigration question.

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Please contact the office for Free Consultation:

Darren Silver and Associates

Address: 3699 Wilshire Boulevard Suite 600, Los Angeles, CA 90010

Telephone: 1-800-971-7013 or 213-384-1900.

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