Fairfax, Virginia (PRWEB) September 14, 2013
Patel Law Firm is being contracted to obtain EB-5 visas for potential foreign investors seeking to establish new hotels in the DC Metropolitan and Virginia areas. Immigration attorney Beeraj Patel will lobby for the foreign investors’ visas from the USCIS EB-5 program. Upon successfully obtaining EB-5 visas, hotel construction will bring millions of dollars in local and state tax revenue in addition to creating numerous direct and indirect full-time jobs for local residents.
Created in 1990, the EB-5 investor visa is aimed at foreign investors seeking U.S. permanent residency. EB-5 investor visas serve an immediate dual purpose of first providing a direct path to permanent residency for the investor while also creating a minimum of ten full-time U.S. positions in the targeted development area. For independent projects not associated with Regional Centers, a minimum requirement to obtain EB-5 status is an initial investment of at least $1,000,000.00 in a new or ongoing business, in this case brand name hotels. EB-5 investor projects create both “direct” and “indirect” jobs. Direct jobs are the positions created immediately by the project, while indirect jobs are those created by a third-party assisting with the project such as the purchasing of additional materials or services needed to complete the project.
The foreign investors and domestic developers which Mr. Patel currently represents are focusing on constructing Hilton and Marriott brand associated properties because their franchise locations carry a higher value being worth tens of millions of dollars each. Examples of investments in the United States include a Marriott International constructed in 2008 in Seattle worth $88 million and a Marriott located in Los Angeles worth $168 million neighboring the Staples Center. Projects do not necessarily need to be of this magnitude financially, but any case involving sizable investment has a pattern of greatly helping local economies for surrounding areas as well as attracting other foreign investors. These are long-term, high-involvement projects and are expected to last several years and yield millions in tax revenue annually for the local economy. Projects like these are so valuable because they hold immediate as well as long-term benefits for the regions which they occur in.
Patel Law Firm LLC is an immigration law firm located at 3900 University Drive, Suite #100, Fairfax, VA, 22030 and is owned by immigration rights advocate, Beeraj Patel, Esq. The firm’s focus is providing quality service in the field of immigration law through affordable and professional assistance.