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What are the responsibilities of the entrepreneur who finances part of his business using EB-5?

What are the duties and obligations of an entrepreneur who finances part of his business using the EB-5 Program?

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    The main responsibility is that the entrepreneur has to manage not just the business but the investor funds to ensure that the business is reasonably successful.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    The key to using the EB-5 funds is utilizing such investment to create 10+ full-time, permanent jobs per each investor. Job creation will allow them to keep the immigration benefits by removing the conditions of their conditional green card.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    The main responsibility is to help the investors prove job creation. In this regard, you want to work with a reliable regional center. You will have to help the investor prove 10 direct or, if a via a regional center, 10 indirect jobs are being created for every $500,000 invested or, if not in a targeted employment area, then it is for every $1 million invested.

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    Belma Chinchoy

    Immigration Attorney
    Answered on

    Investor requirements are the same for direct and Regional Center investors - either manage day-to-day operations (assuming you have proper work authorization in the US) or engage in policy formulation.

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    Michael A Harris, Esq

    Immigration Attorney
    Answered on

    I am assuming you are not the EB-5 investor. In that case, you will have various fiduciary duties to your EB-5 investors. The business fiduciary and partnership duties may be too detailed to list in this forum. The EB-5 duties you will have will be to maintain compliance with EB-5 laws, regulations, and policies.

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