How can an EB-5 investor start their own regional center? - EB5Investors.com

How can an EB-5 investor start their own regional center?

Could an EB-5 investor with a lot of their own investor contacts potentially become a regional center owner/operator, and then make an investment in the project they are administering? What problems might they run into if they start their own regional center and then invest with other immigrant investors in a project?

Answers

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

There currently are no restrictions on an EB-5 investor starting his or her own regional center. Before starting such a venture, however, the person should be well aware of the costs and other requirements to do so, which requirements are extensive.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

Yes, this can be done the biggest issue will be conflicts of interest.

John J Downey

John J Downey

Immigration Attorneys
Answered on

I co-sponsored three different regional centers, one back in the 90's and two others in 2009. My best advice is to schedule an initial consultation with an immigration attorney with expertise in the EB-5 areas. This will save you time and money. The attorney can evaluate where you want the center, what areas you wish to work with, evaluate your resources, and help you find any needed expertise.

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

Generally, owners of regional centers are U.S. citizens or permanent residents, but there may be other options for an individual investor to pool other investments in the direct EB-5 model. Please consult with an EB-5 attorney who has experience in regional center and project formation and compliance.

Michael A Harris, Esq

Michael A Harris, Esq

Immigration Attorneys
Answered on

Normally I would say yes, an investor could start a regional center and then invest in it. Yet recent legislation from Congress (which has not been passed) suggests that only U.S. citizens and U.S. lawful permanent residents can directly or even indirectly own a regional center. However, you may still be able to take advantage of the regional center program as a developer that has a project that is receiving a loan or equity investment through a regional center.

Stephen Berman

Stephen Berman

Immigration Attorneys
Answered on

They can. The states have website data on areas that qualify. Among the risks is Congress or USCIS changing the rules.

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