How can I prevent NCE from keeping my EB-5 investment money? - EB5Investors.com

How can I prevent NCE from keeping my EB-5 investment money?

My EB-5 I-526 has been approved since Jan. 2017 but my country has a huge backlog. My fund has passed the five-year investment maturity time and now my NCE has received the repayment back. My New Commercial Enterprise is asking to do a redeployment with the fund but I wanted to withdraw my I-526 and get my money back. There are no clauses defined in the contract with them about withdrawing I-526 and redemption. Does that mean they can keep my money forever without ever returning it to me even after I leave the EB-5 immigration process? What can I do to prevent that?

Answers

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

You have to read the subscription agreement that governs the terms of investment and redemption. Withdrawal of the I-526 may not be a basis for redemption, usually its denial.

Lynne Feldman

Lynne Feldman

Immigration Attorneys
Answered on

To advise, we would need to review your project documents.

Robert V Cornish Jr

Robert V Cornish Jr

Securities Attorneys
Answered on

Have a securities attorney look over your offering documents to ascertain if there may be grounds to request a withdrawal, or whether denying one violates the state corporate law chosen by the issuer.

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