EB5 Investors Magazine Volume 7, Issue 2 | Page 43

TOP IMMIGRATION AT TORNEYS DAVID HIRSON DAVID HIRSON & PARTNERS, LLP David Hirson has more than 3 5 ye a r s of e x p e r i e n c e i n corporate immigration law, specializing in business and investment immigration. Hirson is the founding and manager partner of David Hirson & Partners, LLP (DHP), and is internationally recognized for his track record in investment immigration. DHP’s attorneys have over 70 years of combined experience in advising individuals, startups, large corporations, hospitals, and universities in navigating complex areas of employment immigration with a full range of services. DHP also specialize in immigration for franchise businesses who have foreign par tners/ managers. The firm also works closely with individuals and HR departments to understand their needs and customize immigration plans. WHAT ARE YOUR THOUGHTS ON THE EB-5 MODERNIZATION CHANGES THAT TOOK EFFECT IN 2019 WITH THE INCREASED INVESTMENT AMOUNTS? The increase in the minimum investment amounts , together with the extreme delays in processing and the very limited number of visas, has had a chilling effect on the EB-5 industry. I believe that over the next 12 months, things will improve as projects become available specially designed to accept the higher investment amount. Hopefully congress will pass legislation to further modernize the EB-5 laws and create additional visa availability. Smaller projects have found a slowdown in interest from investors. This too shall pass. It is unfortunate that this low interest funding, bringing in high-quality immigrants , will reduce some of the projects that would otherwise have been developed at no cost to U.S. tax payers. WHAT NEW TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? From an extremely quiet EB-5 industry since December 2019, I expect a slow growth to improve the number of investors to a reasonable level by January 2021. Small projects with equity and a projected reasonable return on investment will advance. This may also be true for the larger projects if developers are willing to part with equity and ensure market level returns on the investments. Investors throughout the world who wish to leave their countries still regard the United States as their number one choice. Paying at least $900,000 for the benefits and privileges of becoming a U.S. resident will soon become the norm and the comparison with the historic investment program will soon dissipate. U.S. & International Law Global reach. Local grasp. IMMIGRATION & NATIONALITY IMMIGRATION & NATIONALITY BOARD CERTIFIED LAWYER SPECIALIZING IN EB-5 IMMIGRANT INVESTOR PROGRAM Expertise in Regional Center, Project & Investor Representation www.harrislawpa.com | 1-800-792-9526 MICHAEL A. HARRIS, ESQ. drt INTERNATIONAL LITIGATION AND ARBITRATION INTERNATIONAL LAW UNITED STATES LATIN AMERICA   2019 2019 GIR 100 • Fraud, civil litigation and arbitration • White collar crime, regulatory, criminal investigations and defense in matters of corruption, bribery, money laundering, Foreign Corrupt Practices Act, OFAC, Magnitsky Act, CAATSA, Specially Designated Nationals, the Bank Secrecy Act and other US law violations • Asset investigations, identification, location, tracing, and recovery • Politically sensitive investigations and the recovery of US immigration status and visas • Sports and entertainment law • Immigration, tax and estate, family law • Sovereign trade, commerce, banking, real estate, intellectual property, capital markets, and finance • Corporate/financial institutions, governance and compliance • Blockchain and cryptocurrency OFFICES IN USA, LATIN AMERICA, EUROPE, ASIA, MIDDLE EAST & AFRICA I N T E R N AT I O N A L LAW FIRM & ALLIANCE diazreus.com EB5INVESTORS.COM 43