What are the annual reporting requirements for regional centers?

An experienced EB-5 immigration attorney can assist you in preparing your application for regional center designation. The regional center has to file an I-924A with the USCIS EB-5 office on an annual basis stating the EB-5 project and investor activity.

Basically they are required to report on the contribution of the investor and the job creation to-date. The entire list can be found at the USCIS site and should be reviewed, as in these days of Memorandums things change quickly.

Regional center application packages are not for the faint-hearted; they can take a year or longer and cost over $100,000. That is before you raise EB-5 money and your first investor files his or her I-526 petition. If you want to become an EB-5 regional center, just know that you will be involved in it as a full-time business, or you will need have to have a full-time management team to run it. The annual reporting requirements are not that difficult, assuming you have EB-5 projects and investors. If you do not, then the USCIS might terminate your designation for failure to provide any economic benefit or job creation.

There is a form (I-924A) that requests information on the principals of the regional center, the identity of the new commercial enterprise(s) and project(s), and information regarding the EB-5 funds obtained and jobs created for each. This, as well as the initial setting up of the regional center, is best done with the assistance of EB-5 immigration counsel and a team of professionals.