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What should EB-5 regional centers and NCEs do when it comes to revising project documents?

Should I as an investor expect that the regional center and the new commercial enterprise will revise their project documents to reflect the new developments in the EB-5 industry? Do I need to request to have my documents updated and do I need to refile anything?

Answers

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    That sounds reasonable, but on the other hand, the documentation at the time of filing will hold for any adjudication. I''d bet that the PPM acknowledges various immigration risks including the end of the program.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    It depends on the project and on the regional center - some good projects keep up to date, and others do not. Some may have to make adjustments to ensure compliance with current regulations.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    I would not expect this to happen, but you can certainly contact the regional center to inquire.

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    Phuong Le

    Immigration Attorney
    Answered on

    If you’re an investor that has already filed an I-526, you should be good. But an investor who is about to fund? Certainly the NCE and the project need to update their EB-5 related documents. Too many to name but it’s their responsibility. For each project we work on, the checklist is always different depending on the underlying deal.

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    Belma Demirovic Chinchoy

    Immigration Attorney
    Answered on

    If your petition has been filed already, then no, your I-526 filing does not need to be updated.

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    Linda Liang

    Immigration Attorney
    Answered on

    You have every right to be informed. Please ask for updates and have your attorney do due diligence.