Working with a law firm or a migration firm for your EB-5 petition can be a very sensible and pragmatic decision. Your EB-5 project will be impacted by many variables, some of which may be impossible to anticipate or predict today.
From drastic changes to the investment landscape and adverse immigration rulings rules to business uncertainties and regulatory gray areas, a professional offering immigration and investment advice and assistance can improve your chances of qualifying for the unconditional green card in the US.
Main differences
However, the EB-5 industry is crowded with multiple law firms and migration firms, with each claiming to be the best in the business. So, as an investor, it is imperative that you can carry out your own independent due diligence and keep the following points in mind before taking a decision.
- All EB-5 firms are immigration law firms but not all immigration law firms have the expertise, experience, and resources to offer quality services related to your EB-5 petition.
- Some immigration law firms work on various immigration visas, which means the EB-5 visa will just be of the many immigration programs covered by the firm.
- Then, there are firms specializing in US immigration that have dedicated assets and resources related to the EB-5 visa petition.
- A migration firm may, at least in theory, help you with your EB-5 petition, but it depends on the firm’s focus and specialized area of operations.
- Some migration firms may have generic focus across multiple countries with very little emphasis on specialized EB-5 services .
- Other such firms may collaborate with law firms when catering to EB-5 clients. Then, there are firms that cater to the ‘investment’ side of the visa by working with EB-5 projects.
- Such firms can help you in choosing the right project and completing investment-centric formalities while the legal and immigration side of the EB-5 petition will be handled through collaboration with a law firm.
When choosing a firm, you must consider the risks and benefits of getting piecemeal services from multiple professionals working independent of each other. Or, you could prefer a single firm that offers migration, financial, investment, and business-related assistance in a comprehensive and unified manner.
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