The project I had invested in has been completed and the required jobs have been created. I am now thinking of redeploying the funds into a new construction project undertaken by the same person. In this case, do jobs need to be created again and shown? What other things do I need to keep in mind when redeploying my funds?
Answers
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyNo new job creation is required.
Salvatore Picataggio
Find an EB-5 Visa Lawyer: Immigration AttorneyThe jobs in a redeployment case would have been created with the original investment and original timeline. Redeployment helps you sustain the investment until you are ready to file the I-829 petition.
Fredrick W Voigtmann
Find an EB-5 Visa Lawyer: Immigration AttorneyNew jobs should not need to be created in an EB-5 redeployment of capital situation. Ideally, the required jobs will have been created already. The purpose of the redeployment is to continue to meet the sustainment or at risk requirement, which must be met for the entire sustainment or conditional period.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.