The EB-5 regional center program allows foreign investors to pool their funds into a limited partnership and allocate them to projects approved by the United States Citizenship and Immigration Services (USCIS). It provides a great alternative for those who want to avoid the higher investment and stringent job creation requirements of the traditional EB-5 visa program.
However, not all regional centers are equal, and prospective investors should heed the following tips when choose the regional center project that’s right for them:
- Look for experience. Request statistics on approval rates from prospective regional centers. Look for I-526 and I-829 approvals – they are the best indications of success.
- Look for speed and efficiency. The ideal regional center should have the capacity to expeditiously market and sell its investment units, attract a substantial amount of investors on a regular basis, and take on projects that are ambitious yet realistic.
- Look for good management. The management team should have ample experience managing multi-million dollar projects. They should also have familiarity with the EB-5 program.
- Look for a dependable investor. The investor should have stakes in the regional center’s success. Also, make sure that the project is adequately insured against risk and that the whole enterprise is not majorly supported by a huge bank loan.
Want to receive further guidance from a legal professional who specializes in bringing foreign investors into the United States? Contact the Immigration Law Office of Los Angeles, P.C. today to get started on the path to success.