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How to convert a hospitality construction project to an EB-5 Project?

How can I convert a new hospitality project to EB-5 Project? This project is located in Missouri. If this is possible, what kinds of professionals should I work with to make it happen?

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    Raymond Lahoud

    Immigration Attorney
    Answered on

    More information is needed to better answer your question. It is possible to convert to an EB-5 based visa program.

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    Michael A Harris, Esq

    Immigration Attorney
    Answered on

    To see whether we can convert your hospitality project to one that will utilize EB-5 financing, we will need to evaluate the stage of development you are in. Are you in the permitting phase; has construction started; has financing of the project been completed? What operations have already commenced? The professionals you should have would be (a) an EB-5 immigration lawyer with project expertise; (b) business plan analyst; (c) economists; and (d) corporate and securities lawyers.

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    You should start with an EB-5 attorney who can help assemble other professionals. Thanks.

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    Barbara Suri

    Immigration Attorney
    Answered on

    Yes, it is possible to convert your project to EB-5. You should start with an immigration lawyer who could guide you in preparing the Form I-526.

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    Charles Foster

    Immigration Attorney
    Answered on

    To convert your hospitality project in Missouri to an EB-5 project you would need experienced legal counsel, not only one who may be Board Certified in Immigration and Nationality Law, if the State Bar of Missouri permits same, but one with significant experience in representing individual investors and more important, representing Regional Centers and projects. It may be possible to convert a new hospitality project to the point that it can raise EB-5 funds under certain limited circumstances.

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    Belma Chinchoy

    Immigration Attorney
    Answered on

    Most projects can be structured into an EB5 project. Start by consulting an EB5 Immigration attorney who can coordinate all required third parties.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    You need an EB5 corporate lawyer to structure the business to be EB5 compliant and need a business plan writer and/or an economist to prepare the market analysis and comprehensive business plan appropriate for EB5. All these could be done by one firm or a team. You should expect to spend $25,000-$50,000 for the documentation and legal costs.

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