Best Golden Visa Lawyers in Great Neck

About Golden Visa Law in Great Neck, United States

Despite the widespread popularity of Golden Visa programs in Europe, the United States does not have a specific "Golden Visa" program. Instead, the closest equivalent is the EB-5 Immigrant Investor Program. This program allows eligible investors to apply for a Green Card if they make a significant investment in a new commercial enterprise in the United States, thereby creating jobs. In Great Neck, a community in Nassau County, New York, investors might be particularly interested in real estate development opportunities that could qualify under the EB-5 program. The area's high standard of living and access to metropolitan New York City make it an attractive candidate for real estate investment.

Why You May Need a Lawyer

Seeking legal assistance can be crucial when dealing with Golden Visa-related matters, particularly the EB-5 Program. Common situations where legal help may be necessary include:

• Understanding complex legal requirements for EB-5 investment qualification.
• Navigating the paperwork for visa applications and renewals.
• Dealing with the U.S. Citizenship and Immigration Services (USCIS) if issues or queries arise during the application process.
• Conducting due diligence on potential investment opportunities to ensure compliance with EB-5 regulations.
• Facilitating the resolution of disputes related to investments or immigration.

Local Laws Overview

While federal laws govern the EB-5 program, understanding local regulations in Great Neck is essential when investing in real estate or business ventures. Key aspects of local laws include:

• Zoning and Land Use Regulations: These can affect real estate development projects and necessitate compliance for qualifying investments.
• Business Incorporation Laws: Understanding the requirements for setting up a business entity in New York state.
• Employment Laws: Compliance with federal and state employment laws is crucial for projects that aim to create jobs under the EB-5 program.

Frequently Asked Questions

What is the minimum investment required for the EB-5 program?

The minimum investment amount is $800,000 if investing in a Targeted Employment Area (TEA) and $1.05 million in non-TEA areas.

Can I invest in a business I own under the EB-5 program?

Yes, as long as the business is a new commercial enterprise established after November 29, 1990, and meets all EB-5 requirements.

How long does the EB-5 application process take?

Processing times for an EB-5 visa can vary but often range from 29 to 61 months depending on individual circumstances and USCIS backlogs.

Are family members included in the EB-5 visa application?

Yes, the investor’s spouse and unmarried children under 21 can be included in the EB-5 visa application.

What is a Targeted Employment Area (TEA)?

A TEA is an area either experiencing high unemployment or a rural area, where reduced minimum investment amounts can apply.

Do I have to live in Great Neck to invest there under the EB-5 program?

No, you can live anywhere in the U.S. as long as your investment meets the program’s criteria.

What type of businesses qualify for EB-5 investment?

Any for-profit entity formed for the ongoing conduct of lawful business, including partnerships, holding companies, joint ventures, and others.

Can the investment funds be borrowed?

Yes, but the investor must demonstrate that the borrowed funds are secured by the investor’s personal assets.

What happens if my EB-5 application is denied?

Applications can be challenged or appealed, and it is advisable to seek legal counsel to review the reasons and explore possible options.

How is job creation verified for the EB-5 program?

Investors must provide documentation showing that the investment has created or will create at least 10 full-time jobs within 2 years following immigration to the U.S.

Additional Resources

Several resources can provide additional information and assistance regarding the Golden Visa or EB-5 program:

• U.S. Citizenship and Immigration Services (USCIS)
• New York State Department of State, Division of Local Government Services
• American Immigration Lawyers Association (AILA)
• Real estate investment consultants specializing in EB-5 projects

Next Steps

If you decide to pursue an EB-5 investment visa, consider the following steps:

• Consult with an Immigration Attorney: Find one with expertise in the EB-5 program to help guide you through the process and address complications.
• Conduct Thorough Research: Before making any investment, conduct due diligence on the market and specific investment opportunities.
• Reach Out to Local EB-5 Regional Centers: These centers can provide information and opportunities specifically designed for EB-5 investors.
• Prepare Documentation: Ensure all personal, financial, and business documentation is correct and ready for submission.
• Follow Up Consistently: Keep in regular contact with your legal and business advisors to stay informed on the progress of your application.