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How often should I be in contact with an EB-5 regional center?

We are already in the United States and want to do the EB-5 regional center route. How often should we visit the physical regional center project site? How often should I be in contact with the regional center principals? Is this something that an attorney is supposed to do for me?

Answers

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    Answered on

    A regional center or the project principals themselves should provide regular updates to the project, and should be able to answer your questions when asked. You may be able to visit the actual project site, but visiting a regional center would just be visiting the entity with the USCIS license that sponsors the project. Your immigration attorney can make inquiries on immigration matters for you.

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    Answered on

    There is no requirement that you visit the project site or contact the regional center principals. That is up to you, the investor. Most regional centers send out quarterly project updates or other updates regarding significant events. Usually, these have enough information for the investor to keep abreast of the project's progress. If you are not receiving any project updates, you should contact the regional center immediately and get added to their mailing list. Your immigration attorney is not responsible for keeping track of your investment project progress unless that is within the scope of legal representation under your agreement with your attorney.

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    Answered on

    There are a variety of ways to contact a number of good EB-5 regional centers with good job creating projects. You can do the research on your own. There are a couple of investment advisors who specialize in EB-5 regional centers and a number of reputable experienced immigration attorneys. They represent EB-5 investors and can also give you guidance in this area. Depending upon the project and its location, you should if at all possible, visit with their investment team so you can get as much information as possible before you make your investment decision. There is no magic number of times you should visit or be in contact with the regional center principals. It all depends upon the particular project and your own level of interest in the ability to evaluate these projects.

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    Answered on

    You do not have to keep visiting the regional center project. The regional center will usually be in touch with you regarding any progress. It is advisable that you also contact them every now and then to find out how the project is going and how many approvals they have received.

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    Answered on

    There is no standard rule for when you can visit the physical regional center project site or contact the regional center principals; it all depend on your terms of agreement with your chosen regional center. Therefore, make sure your agreement includes as many terms as possible that address your needs and concerns. Advisably, your EB-5 attorney can play a significant role in ensuring all your views are taken into account and satisfactorily addressed.

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    John J Downey

    Answered on

    You and your attorney should plan visits together, before you invest. Then, depending on the project itself, at least every quarter.

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    Answered on

    As a limited partner who has invested, the center should update you on what is happening, send dividends, etc., but rarely would you need to visit unless that is their requirement.

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    Answered on

    It may be advisable to meet and inspect the project and/or regional center. However, today project progress is often measured by electronic documentation including video cameras and reports. Good regional centers keep their investors updated regularly.

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    Answered on

    There is no specific requirement how often you need to visit the physical site of a project or communicate with a regional center. You should hire an experienced EB-5 immigration attorney. He or she would be able to guide you through every step in the entire process.

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    Answered on

    You, as the investor, have all the rights of any other investor with stake/money in an invested project/property. So, you can visit the site/be in contact with the regional center as much or as little as you wish to protect the interest of your investment. This is not something that the attorney needs to get involved with, unless you are having issues getting through to the regional center or getting info from them quickly/easily, etc.

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    Answered on

    Yes, if you retain an experienced investment immigration attorney, they should guide you. You may also want to invest through a registered broker dealer to assure further examination of the regional center investment.

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    Answered on

    You should satisfy yourself through due diligence that the regional center is one you want to deal with, prior to investing. Once you have invested, you can keep in touch with them as much as you want or a little as you want. Most of our clients communicate with the regional center only after the regional center sends them updates.

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