Job Creation – Opportunities for Foreign Investors
When the Senate advanced the job-creation bill last week, employers were given the signal that hiring tax incentives are on the horizon. Perhaps in a nod to the Administration’s No. 1 priority of creating jobs for unemployed Americans, the USCIS has just announced a forum on the EB-5 immigrant investor program. In the last year, and as recently as December 2009, the USCIS issued updated guidance on I-526 and I-829 filings so that USCIS adjudications could make decisions with clarity and consistency, allowing investors to make job creation through the EB-5 program a reality soon as possible. These are all indications that this is the time for foreign investors to again bring private enterprise to our great nation.
The upcoming USCIS EB-5 forum is only open to attorneys representing these so-called “million dollar investors.” Fong & Aquino attorneys will be in attendance and ready to present concerns facing our clients as well as potential issues for those investors considering the EB-5 program.
It is true that the EB-5 investors greencard process is often called “hypertechnical,” and has in the past been plagued by administrative delay and inconsistent treatment. But I believe that the view of recent USCIS’ actions, the agency is acknowledging just how critical the EB-5 investors program is to our nation’s economic recovery. For each EB-5 investment, 10 full-time jobs must be created, and that means 10 more working Americans. Call Fong & Aquino if you would like to discuss how you can start investing in America. —ecf