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How should I go about selecting an industry and regional center for my EB-5 investment?

I do not have any specific geographic or industry-related criteria preferred regional center or lawyer hired yet. My key concern is to protect my $500,000 investment and have it back as soon as possible. How do I find the projects available and select one in a reasonable manner? What process should I follow?

Answers

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    You could hire an EB-5 due diligence expert to do the research and investigation for you. That way, you do not have to deal with the regional center marketing people until you and your expert have thoroughly vetted the project (and weeded out the bad projects). An investment adviser will represent your best interests, financially, and not those of the regional center. You should benefit greatly from this assistance.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    You may hire an EB-5 due diligence consultant or contact regional centers directly to obtain and review their offering documents. Further, you should discuss their projects, geographical and industry designations, economic model used for indirect/induced job creation, exit strategy, as well as conduct background checks on management, project entities, etc. It is highly advisable that you hire an experienced EB-5 immigration attorney at inception as they may offer invaluable insights on regional centers.

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    Ed Beshara

    Immigration Attorney
    Answered on

    First, retain an experienced EB-5 immigration attorney who can offer a due diligence review of a project. Second, the immigration attorney can refer you to a credible broker dealer who can offer a due diligence review of the business and financial viability of the project.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    If you are going with a regional center, strongly consider their immigration track record if getting the green card is your primary concern.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Look for regional centers with a long operating history and many previously successful projects. If you want to use a newer regional center, use one with principals or managers that have extensive experience in the type of business the project is in. Of course, retaining experienced EB-5 counsel can help you in the due diligence required for the U.S. immigration aspects of the investment, and to coordinate with other professionals to assist you.

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    Karen-Lee Pollak

    Immigration Attorney
    Answered on

    You should go with a regional center that has proven experience. Ask the regional center how many approvals they have had not only with the I-526 petition but with the I-829 petition. How many denials have they had? How many projects have been completed? What is the return on investment and when will the funds be returned? What is the administrative fee? How many years of experience have they had as a regional center? Do a background check or Dunn & Bradstreet check of the general partner or principals. Have your financial advisor or business advisor review the project to determine if it makes good sense for you, taking into account your financial situation. Ask the attorney you hire which regional centers they work with, and make sure the attorney has EB 5 experience representing investors.

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    Kyle Barella

    Immigration Attorney
    Answered on

    Since the EB-5 Regional Center path is an investment, I suggest speaking with an EB-5 investment advisor.

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    John J Downey

    Immigration Attorney
    Answered on

    Research EB-5 projects on the internet. When you find one or two that interest you, check out the American Immigration Lawyers Assoc. (AILA) to find a qualified EB-5 attorney in the areas of the projects and seek their advice.

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