Questions and Answers > EB-5 Requirements

How can a permanent resident become a regional center principal?

I want to set up an EB-5 Regional Center, but I am currently a U.S. permanent resident, not a citizen. Am I still qualified to apply to create an EB-5 Regional Center as a regional center principal? What obstacles could I have with my status?

Answers

• Shahzad Q Qadri

  RC Creator

  Answered on March 19, 2014

  Your status does not preclude you form establishing a regional center.

• A Olusanjo Omoniyi

  Immigration Attorney

  Answered on March 11, 2014

  As a permanent resident, there is nothing that bars you from becoming an EB-5 Regional Center principal. By the way, you do not need to be a U.S. citizen to become an EB-5 Regional Center principal.

• Fredrick W Voigtmann

  Immigration Attorney

  Answered on March 10, 2014

  There is no statutory or regulatory requirement as to the immigration status of a regional center principal. Therefore, you should not face any immigration law related obstacles in becoming a regional center principal.

• Ed Beshara

  Immigration Attorney

  Answered on March 5, 2014

  A principal or owner of a regional center corporation can be either a U.S. permanent resident, foreign national or a U.S. citizen. There are no obstacles, in fact we represent clients who fall within the different categories mentioned above.

• Salvatore Picataggio

  Immigration Attorney

  Answered on March 4, 2014

  As long as you are legally able to own a U.S. business and register that U.S. business with the state in which your proposed regional center will do business (as regional centers are usually LLCs, LPs, etc.), I don''t why you couldn''t be a regional center principal.