I am an attorney with small business and startup clients that would like to connect with investors and get funded through this program. Also, what are the average costs legal and otherwise to complete this process with the USCIS? Finally, if you are located is a TEA approved area, do you still have to submit economic data?
Answers
Salvatore Picataggio
Immigration attorneysYou may want to co-counsel with an experienced EB-5 attorney. There are nuances to the program that take time to learn.
Vaughan de Kirby
Immigration attorneysResearch and meet with attorneys who do EB-5 extensively. Even with the TEA you will need to submit economic data. This can be better addressed by an EB-5 attorney.
John Tishler
Securities AttorneysUnfortunately, the EB-5 program is not well suited to the working capital needs of small businesses or start-ups, which needs fall under the category of corporate finance rather than project finance. The one exception is foreign entrepreneurs that wish to deploy capital in start-up enterprises they found or run themselves. Such entrepreneurs would be bearing the early-stage risk in any case and can take advantage of all of the jobs created in the enterprise, not just their share of a larger EB-5 pool. We typically suggest to our early stage clients looking for capital that they join an incubator or coaching program and/or recruit an advisory board of persons well-connected in their industry.
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