+1-800-997-1228
Questions & Answers

How can an EB-5 investor start their own regional center?

Could an EB-5 investor with a lot of their own investor contacts potentially become a regional center owner/operator, and then make an investment in the project they are administering? What problems might they run into if they start their own regional center and then invest with other immigrant investors in a project?

Answers

  • Avatar

    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    There currently are no restrictions on an EB-5 investor starting his or her own regional center. Before starting such a venture, however, the person should be well aware of the costs and other requirements to do so, which requirements are extensive.

  • Avatar

    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    Yes, this can be done the biggest issue will be conflicts of interest.

  • Avatar

    John J Downey

    Immigration Attorney
    Answered on

    I co-sponsored three different regional centers, one back in the 90's and two others in 2009. My best advice is to schedule an initial consultation with an immigration attorney with expertise in the EB-5 areas. This will save you time and money. The attorney can evaluate where you want the center, what areas you wish to work with, evaluate your resources, and help you find any needed expertise.

  • Avatar

    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Generally, owners of regional centers are U.S. citizens or permanent residents, but there may be other options for an individual investor to pool other investments in the direct EB-5 model. Please consult with an EB-5 attorney who has experience in regional center and project formation and compliance.

  • Avatar

    Michael A Harris

    Immigration Attorney
    Answered on

    Normally I would say yes, an investor could start a regional center and then invest in it. Yet recent legislation from Congress (which has not been passed) suggests that only U.S. citizens and U.S. lawful permanent residents can directly or even indirectly own a regional center. However, you may still be able to take advantage of the regional center program as a developer that has a project that is receiving a loan or equity investment through a regional center.

  • Avatar

    Stephen Berman

    Immigration Attorney
    Answered on

    They can. The states have website data on areas that qualify. Among the risks is Congress or USCIS changing the rules.

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.