How can I invest in a real estate development project and qualify for EB-5 without working with a regional center? - EB5Investors.com

How can I invest in a real estate development project and qualify for EB-5 without working with a regional center?

My company in South Korea has a good relationship with an established developer in the U.S. I would like to personally invest in one of their ongoing projects and use this for my EB-5 application. I understand that most real estate-related EB-5 investments are done through a regional center. I am wondering if I can achieve the same goal without using a regional center.

Answers

Fredrick W Voigtmann

Fredrick W Voigtmann

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You can invest in such a real estate development project and not need to use a regional center only if the EB-5 new commercial enterprise ("NCE") or the "project" will directly create at least 10 full-time positions for qualified U.S. workers; the jobs must be permanent W-2 employees and should last at least two years. Construction jobs do not count. Only regional centers can take credit for indirect job creation, like construction jobs and expenditures.

Salvatore Picataggio

Salvatore Picataggio

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You probably can, provided that you can calculate 10 full-time jobs for the development. Most construction jobs will not count, so you would need to look into operations.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

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You have to prove 10 full-time jobs and that is much more challenging but if, as a result of your investment, 10 jobs are created, then it might be possible.

Lynne Feldman

Lynne Feldman

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Yes, this should be able to work but will need a business plan and the investment plus the creation of 10 new full-time jobs. The investment limits will increase after November 21, 2019.

A Olusanjo Omoniyi

A Olusanjo Omoniyi

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It is very rarely done but it is possible as a direct investment. You must provide all necessary documentation and ensure that the project is properly managed. At the same time, you must meet all the necessary EB-5 requirements, which includes the creation of at least 10 jobs, etc. Before you proceed, consult with an EB-5 attorney for proper planning.

BoBi Ahn

BoBi Ahn

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You are not required to work with a regional center in order to qualify for EB-5 processing involving real estate development. The only reason to use a regional center managed project for EB5 would be if you would have difficulty in creating requisite minimum jobs.

Phuong Le

Phuong Le

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It is fine to do so, but unless the real estate developer can create 10 full-time jobs through an affiliate or subsidiary, it would be hard to hit your employment numbers.

Charles Foster

Charles Foster

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You do not need to invest through a regional center, provided that your direct investment will create at least 10 full-time jobs for U.S workers.

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