Approval of a Non-regional Center EB-5 petition
Updated: Apr 10, 2020
Parikh & Prasad PC’s attorneys added another feather to the firm’s cap by obtaining a straight approval of a non-regional center EB-5 petition.
USCIS approved the Petition of Alien Entrepreneur (Non-Regional Center) on behalf of a Chinese national. Ms. Parikh’s strategic plan and her team’s impeccable execution lead to the approval of this EB-5 petition without a Request for Evidence (RFE).This EB-5 case involved a direct investment of capital ($500,000) into an existing enterprise located in a Targeted Employment Area (TEA).
Ms. Parikh and Mr. Prasad worked closely with the business entity to first obtain a TEA designation for the project. They extensively advised and provided guidance to the business entity for developing a comprehensive business plan. A comprehensive business plan is absolutely necessary to demonstrate that 10 full-time jobs would be created as a result of the foreign national’s investment. They ensured that the stock purchase agreement met the statutory requirements. They also thoroughly documented lawful source and flow of funds.
Before filing the petition, the attorneys at Parikh & Prasad, PC worked with stakeholders to strategically resolve all potential issues. As a result of great team work, the EB-5 petition was finally approved without any issues.