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How can I establish my own EB-5 Regional Center in a TEA zone?

Can I rent an EB-5 regional center? What are the biggest hurdles to establishing your own regional center? What are the advantages and disadvantages of directly investing into a TEA zone as opposed to going through a regional center?

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    You can rent a regional center or apply for one yourself unless disqualified. It is easier to rent but if a large project it may be better or own your own. For direct, you have to establish 10 full time qualifying jobs, whereas with a regional center, you can count indirect jobs, which is hugely beneficial.

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    Robert V Cornish Jr

    Securities Attorney
    Answered on

    At present, direct investment into a project that is not in a Regional Center is arguably (emphasis on arguably) available for only one investor per deal. That limits your raise as one might imagine. On the other hand, starting a Regional Center through the new Form 956-A is quite costly in terms of the filing fee (in excess of $18,000), your ongoing compliance obligations. Also, there is no timetable at present for the approval of new Regional Center applications by USCIS personnel. You can certainly form one, but you will be at the mercy of many variables, including costs and timing. But the benefits are substantial. Renting a Regional Center is certainly an alternative, but one must perform diligence on the compliance commitments of an organization. Most rental situations also leave the marketing of the project to the developer and its resources.

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    Stephen Berman

    Immigration Attorney
    Answered on

    You need to file an application to get approved as a regional center. You do not need to have a regional center to do a TEA Zone based EB-5.