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
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