Surge In Skilled Worker And Investor Visas Could Indicate Positive Economic Growth
In a trend that could signal an improving economic climate, the demand for both H-1B skilled worker and EB-5 investor visas has seen a surge in recent months.
The U.S. Citizenship and Immigration Services (USCIS) reported that the number of H-1B visa petitions received in the first week April 2012 — 25,600 applications — is nearly double that of the amount received during the entire month of April 2011. Those applying for the H-1B are typically highly skilled workers seeking employment in technology fields such as engineering, software or computer programming.
The National Foundation for American Policy, an organization that studies the H-1 program, predicts that the annual quota of 65,000 will likely fill very early this year, indicating a continued global expansion of the high-tech job sector.
The USCIS has also seen a significant surge in EB-5 investor visas, particularly among wealthy Chinese immigrants seeking to bring their business and investments to the United States. In the past two years, the number of EB-5 applicants nearly quadrupled, with 77% of those who applied being Chinese.
While Notaries working with immigrant clients must avoid offering advice, which could be construed as the unauthorized practice of law, both the H1-B and EB-5 visa applications may contain a number of support documents, such as employer affidavits, that require notarization. Proper notarization can help immigrants increase their chance of a successful immigration process.