How can an approved regional center relocate prior to the I-526 stage? - EB5Investors.com

How can an approved regional center relocate prior to the I-526 stage?

We recently got our regional center approved, having filed an I-924 application with a hypothetical EB-5 project. However, new info has arisen that favors a relocation to an entirely different market, and it looks highly unlikely that our project will succeed in the area in which we initially established our regional center. Can an already approved EB-5 regional center obtain USCIS approval to relocate to an entirely different, non-contiguous geographical market prior to the I-526 stage? How would we make this change?

Answers

Fredrick W Voigtmann

Fredrick W Voigtmann

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

You need to file an amendment (Form I-924) to your regional center designation.

Salvatore Picataggio

Salvatore Picataggio

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

The conservative approach would be to file a new I-924. These are some major changes.

John J Downey

John J Downey

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

You may apply to them for a change of geographical area. You need to supply them with the new information for the area as well as your reasoning for the change.

Julia Roussinova

Julia Roussinova

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

You will have to file an amended I-924.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

You need to file an amended I-924 and you can only use it if you can show the economic impact of the new area is consistent with the original job creation plan.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.