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SOUTHERN NEVADA: RESET, REBUILD, RECOVER
The Great Recession has changed
how Southern Nevada businesses
view their own practices and longheld
beliefs—including a better
understanding of the underlying
strengths and weakness of our
economy—and what kind of tax
structure we need to support a vibrant
JOHN RESTREPO
PRINCIPAL, RCG
ECONOMICS LLC
modern economy. The local business
community now understands the
fundamental importance of an
educated and skilled workforce.
The Las Vegas business community also recognizes that
the Las Vegas brand we market and the global image
we portray do mean something when trying to attract
investment, business expansion and relocation, and skilled
and educated workers.
There is a newly discovered sense of realism and
pragmatism in both the business community and the
governmental sector about Southern Nevada’s future. Most,
if not all, of the economic and market indicators have either
stabilized or are modestly improving, and have been doing
so for more than a year. Southern Nevada will not see a
“V”-style recovery, but we are certainly seeing an elongated
Nike Swoosh-style recovery. And that’s good considering
the economic trauma the region has gone through during
the last five years.
U.S. VISA THROUGH INVESTMENT
Bindi Parikh is the founding partner at Parikh and Prasad
Law Group. She specializes in all kinds of employment -
based and family-based visa petitions, including
citizenship applications and appeals. She is also proficient
in investment based E-1, E-2 and EB-5 visas. The firm
has helped many foreign companies establish their
U.S. operations and also helped U.S companies to file
permanent resident petitions for their temporary foreign
employees thereby helping them retain their valued
BINDI PARIKH
ATTORNEY
visas will be discussed.
employees on a more permanent
basis.
Ms. Parikh will present different
options regarding obtaining a visa
or green card through investment in
the US. The presentation will cover
both temporary, short-term visas
and longer-term visas and green
cards. Specifically the following
• B-1VISA OR BUSINESS VISA: The definition of business
under immigration law is rather limited. Generally
speaking, a B-1 visa holder is not permitted to work, receive
payment from a US source (other than reimbursement for
certain expenses), or run a business. Activities that are
permitted on a B-1 visa will be discussed.
• L-1 VISA: Multinational businesses can use this visa to
transfer owners/shareholders, managers and employees
to the U.S, if certain conditions are met. The individuals
transferred can also obtain a green card eventually.
• E-2 VISA: This is an investment-based visa that is country -
specific only. The “E-2 visa” or the “treaty investor visa” is
often the most viable option for many small businesses.
Its purpose is to facilitate international business relations
and foster investment in the United States by foreign
nationals and corporations.
• EB-5 VISA: The EB-5 visa is popularly known as the
million-dollar visa and is available to qualified investors
seeking permanent residence though investment in a
new commercial enterprise. The basic requirements and
minimum investment will be discussed in detail. Ten
thousand immigrant visas per year are available under
the EB-5 category. Of the 10,000 investor visas available
annually, 5,000 are set aside for those who apply under
a Pilot Program with the U.S. Citizenship and Immigration
Services USCIS. n
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SOUTHERN NEVADA REALTOR ® APRIL 2013 www.LasVegasRealtor.com