+1-800-997-1228
Questions & Answers

How do we change the NAICS category of a regional center?

We purchased a regional center two years ago and now we want to add a state to the scope of the regional center and change the North American Industry Classification System category of it. Is this a complicated process? What procedures are involved? How should we best go about doing this?

Answers

  • Avatar

    Charles Foster

    Immigration Attorney
    Answered on

    In order to change the North American industry classification system category for a regional center that you purchased two years ago, you could file an amendment on Form I-924 requesting additional NAICS codes, or you could do so by just filing such request on your next EB-5 investor petition on Form I-526.

  • Avatar

    BoBi Ahn

    Immigration Attorney
    Answered on

    To make amendments you will need to file an I-924 form with supporting info/docs. An immigration attorney experienced these matters will be able to assist you in this endeavor.

  • Avatar

    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    You should retain an experienced EB-5 immigration attorney who can advise you on the requirements for amending your regional center designation by filing an I-924 amendment. You also need legal advice regarding all aspects of regional center compliance.

  • Avatar

    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    The planned changes can be accomplished by notifying the USCIS through two means: 1) filing form I-924A and 2) filing of amendment to the business plan original regional center through the original approval was obtained. There is no official means for any company to change its NAICS because many federal agencies keep and maintain their own lists of business establishment classification. The purpose of NAICS is to provide the government information regarding a company''s primary line of business that generates the highest source of revenue. Generally, businesses expand their offerings, services and product lines as the market requires. Also, you should update your company''s E-Verify profile so that you have a matching code in all your filings with the USCIS. Advisably, an EB-5 immigration attorney may be of assistance in this circumstance.

  • Avatar

    Belma Chinchoy

    Immigration Attorney
    Answered on

    You need to amend the regional center designation and expand the geographic focus and economic industries. To begin the process, you should hire an EB-5 immigration attorney who will guide you through the process and assist you in identifying third party professionals whose services are needed to prepare a regional center amendment application.

Add your comment

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.