What are the pros and cons of using brokers to attract EB-5 investors?

You should avoid the use of any U.S. broker, unless they are registered as a broker agent with the SEC. Foreign migration brokers are quite commonplace and there are many brokers that are competent. It would be best to consult an immigration attorney to guide you with broker agreements and realistic expectations.

Brokers can be pricey but also can be very helpful. Fees vary, I am always leary about upfront payments, I would probably encourage you to find brokers who will do it on a success fee basis.

Unless you have some direct contacts or business associates abroad that can facilitate lining up of potential investors interested in investing in your project and EB-5 Immigrant visa, it makes sense to work with reputable, established brokers who have the ability to market and establish contacts with foreign investors.

Brokers in the EB-5 world are normally necessary for finding investors. Still you should check their credentials, experience, and past success.

Brokers are not a good idea or even legal source of funds unless they are affiliated with a Broker Dealer registered with the SEC. We can likewise help you.

Yes, stay away from brokers.

There is no question that brokers are part of the EB-5 landscape. If they are going to do active marketing for you, it might be reasonable to consider paying them upfront for some of those costs. On the other hand, they charge EB-5 investor clients on their end, and they usually get a finder''s fee, which comes from the administration fee or the syndication fee paid in addition to the $500,000 investment. You should ask around and do the necessary due diligence to make sure you are dealing with a reputable agency.