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How can I invest in two separate urgent care centers as part of one EB-5 project?

How can the EB-5 program be used to fund two separate urgent care centers? They are in the same state but in separate counties. They would be under the same corporate structure. Would this still work as one EB-5 project?

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    Charles Foster

    Immigration Attorney
    Answered on

    Since both urgent care centers are part of the same corporation and corporations may have multiple locations, it may be possible to invest in a single corporate entity as long as there is sufficient job creation and the project qualifies as a TEA based upon its principal location. If the project is being marketed by a Regional Center, the Regional Center would have to have appropriate jurisdiction and the principal place of business must be located in a TEA.

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    Phuong Le

    Immigration Attorney
    Answered on

    Good question. This could work provided that you are investing in an NCE that is designed to invest in a portfolio of projects (here, the two urgent care centers). Among other factors, keep in mind that the urgent care centers, which will ultimately be the JCEs, will need to be identified at the time of filing and also qualify as Targeted Employment Areas as well.

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    Russell C Weigel, III

    Securities Attorney
    Answered on

    This idea could be worked out if: (a) the same regional center is affiliated with both projects, or (b) as a direct EB-5 investment if both care centers are commonly owned.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    If this is done as a direct investment project, it will be hard. If, however, you do it as part of a regional center project, it will be much easier to structure it in a way so that both can be included.

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    Belma Chinchoy

    Immigration Attorney
    Answered on

    Yes, this can work as one EB-5 project. You would invest in an entity which would be the 100% owner of each urgent care center. The funds would flow from the holding entity into each wholly-owned subsidiary, which would create jobs. An attorney with extensive direct EB5 experience can set this up.

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    Raymond Lahoud

    Immigration Attorney
    Answered on

    Two separate projects could fall under one EB-5 umbrella company. It is important that you discuss this with EB-5 immigration counsel to ensure that the filings are accurately completed.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    Yes, it can if it is described as one project, has similar investors, etc.

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