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How late into a regional center project can an EB-5 investor invest?

I am interested in several EB-5 investment opportunities. I am wondering how late an EB-5 investor can make an investment into a regional center project? Can I make an investment in a project that has already been started?

Answers

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    Ed Beshara

    Immigration Attorney
    Answered on

    An EB-5 experienced immigration attorney can advise you of the approvable process. The EB-5 policies allow you to invest after the project has started. Due diligence from an immigration and business perspective would be advisable so that you may make an informed decision.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    It depends on the overall timeline and details of the offering, but in some cases the project construction has already started when EB-5 investors apply. Please consult with your immigration counsel to review the project details and investment procedures.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    Very often, reputable regional center projects close out very quickly. However, they may have spots available if an EB-5 investor chooses to leave a project early for some reason or does not fulfill investment requirements by the due date, etc. To that end, you may invest late into the project if it has started or been ongoing and EB-5 investors have already filed their respective I-526s. You should inquire with particular projects and conduct due diligence before you invest. You should also engage the services of an experienced EB-5 immigration attorney to review offering documents for you before you sign and invest.

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    Echo Meisheng King

    Immigration Attorney
    Answered on

    You can make an investment into a regional center project provided the subscription is still open. If the project commenced without the utilization of EB-5 funds, but the short-term temporary financing is to be later replaced by EB-5 funds, you can still invest in the project as the jobs created will be credited to the EB-5 investors.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    Yes, you can be late if it is factored into the documents and it was planned that EB-5 money would be used to retire debt.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    This will depend on the regional center. Many of the successful regional centers with a good approval track record close out their projects very quickly. Thus, if they have an opening in the project that has already started and some investors have already filed, then it is a good thing for you. On the other hand, some regional centers have a hard time filling their spots due to the lack of experience, not enough interest in the project, or the project may be too big to be realistic. Thus, you need to be diligent in reviewing the regional center, their track record, and the project where there is an opening and why.

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    John J Downey

    Immigration Attorney
    Answered on

    As long as there are still openings for investors, you may join the project even if the project has started.

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