What is a regional center eb5?

A regional center is any private or public economic unit involved with promoting economic growth, improving regional productivity, creating jobs, and increasing domestic capital investment, and designated as such by U.S. Citizenship and Immigration Services (USCIS).

How do I choose my EB-5 regional center?

What to look for in a regional center:

Strong track record and history of success.
Project developer and management team with excellent reputations.
Past projects with successful I-526 petitions, I-829 petitions, and return of investor funds.
Present projects using past project’s successful business models.

How many regional centers are there in the US?

We will provide further guidance to the public if circumstances change or further guidance becomes necessary. As of Jan. 7, 2021, there are 673 approved regional centers.

How do I start an EB-5 regional center?

How to Apply for EB-5 Regional Center Status

Step 1: Define the Scope of the Regional Center.
Step 2: Hire the Right EB-5 Regional Center Application Team.
Step 3: Complete and File Your I-924 Form and Supporting Application Documents to Set Up a New EB-5 Regional Center.

Do all states have regional centers?

Presently our Regional Centers cover areas in 41 states, including most major metropolitan areas. Those states that are white do not currently have a regional center.

How to become a regional center for EB 5?

To qualify as a regional center, an entity must submit a I-924 application to United States Citizen and Immigration Services (USCIS) for approval. Foreign investors can qualify for the EB-5 program by making eligible investments in EB-5 projects sponsored by regional centers, provided these projects create at least 10 new U.S. jobs per investor.

What happens when USCIS approves an EB-5 Regional Center?

Approval of an EB-5 regional center application does not in any way: Constitute USCIS endorsement of the activities of that regional center; Minimize or eliminate risk to the investor. Potential investors should seek professional advice when making any investment decisions. Regional centers can operate in more than one state.

What are the new rules for the EB 5 visa?

The US Citizenship and Immigration Services (USCIS), published regulations making major changes in the EB-5 Immigrant Investor Program, effective 21 November 2019. The rules say that states can no longer designate regional centers; this duty now belongs to the Department of Homeland Security (DHS), which manages USCIS.

When was the EB-5 Immigrant Investor Program created?

In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth. Explore the links below:

What does an EB-5 Regional Center mean?

An EB-5 regional center is an economic unit, public or private, in the United States that is involved with promoting economic growth. Regional centers are designated by USCIS for participation in the Immigrant Investor Program.

How can I get an EB 5 visa?

To get an EB-5 visa, an investor can make a direct investment or they can invest in a regional center. Regional centers are specialized companies that collect investment funds from multiple EB-5 investors to fund a large-scale project such as a resort or apartment complex. A direct investment is any investment not made in a regional center.

What do you need to know about the EB 5 program?

USCIS administers the EB-5 Program. Under this program, investors (and their spouses and unmarried children under 21) are eligible to apply for a Green Card (permanent residence) if they: Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.