Ojai, California – (January 14, 2017) -- The U.S. Department of Homeland Security (DHS) published a Proposed Rule called: “EB-5 Immigrant Investor Program Modernization,” which you can find by clicking on the following link:

https://www.federalregister.gov/documents/2017/01/13/2017-00447/eb-5-immigrant-investor-program-modernization

For those of you who are not familiar with the EB-5 Visa, it is an Investment Visa program, which allows foreign nationals to obtain the Possibility of a Permanent Residency (Green Card) by investing $1,000,000 in a new or existing business; $500,000 in high unemployment or rural areas referred to as TEA. Each investment must create at least 10 full time jobs for American Workers, excluding the Investors or their family members.

Here are some of the proposed changes:

According to the new proposed rules the minimum EB-5 investment in Targeted Employment Areas (TEA) will increase more than 130%: From $500,000 the current required amount, to $1,350,000.

The Non-TEA investment will increase by 80%: From $1,000,000 the current required amount, to $1,800,000.

Moreover, the DHS will take over the TEA designation authority, which currently rests upon each State in the Union.

The question is; are these proposed changes nothing more than the usual political haggling; or they are coming to stay? If they do become law, we, practically, have to say goodbye to a great source of attracting foreign investment and hundreds of thousands of American jobs that they create every year.

According to reports prepared by the government, in fiscal year 2012 and fiscal year 2013, the EB-5 Immigration Program created an estimate 169,759 American Jobs through 134 projects with total investment of $16.4 billion dollars. And this number is through Regional Centers only; thus they do not include direct EB-5 Investments. You can see the government report by clicking on the following link:

http://www.esa.doc.gov/sites/default/files/estimating-the-investment-and-job-creation-impact-of-the-eb-5-program_0.pdf

Should the EB-5 Investment Modernization Proposal become law; it would act as the proverbial last nail on the coffin of this foreign investment and American Job creating program.

It is hard enough for investors to swallow the New President of the United States’ Immigrant bashing stance. Let alone investing such large amounts that by law must be at risk. This means that if the investment fails to produce 10 new jobs, per investment, then they will not only lose their investments, but also their dream of calling the United States Home.

As a Multilingual Communication Platform for the People, Worldwide, www.ChosenLawyers.com is committed to help educating and empowering the People with knowledge of Law; and immediate access to Credible, Diligent and Compassionate {Chosen} Lawyers via its Private, Confidential and Secured AUDIO/VIDEO/TEXT LIVE CHAT portals anywhere, anytime.

Apart from assisting new prospective EB-5 Applicants, Chosen Lawyers are also ready to help People, if their prior applications have been denied or any other immigration challenges they may face.

Despite the polarizing panic that the new administration has caused, Paymon Barati-Darmian is positive on the Promise of a better life for millions of hopefuls wishing to call the United States their country. Hopefully, the election campaign promise of building walls was just another political chicanery. Since Walls imprison People and millions of other beings on both sides.

For more information or to schedule an interview, please contact:
Paymon Barati-Darmian, Attorney & Founder of Chosen Lawyers
[email protected]
1-888-365-0-365 Ext. 3