What do regional centers do when their EB-5 investors decide to abandon their applications in the middle of their EB-5 investment? Is this something that should be in the project contract?
Answers
Bernard P Wolfsdorf
EB-5 Immigration attorneysMost RCs will not return the money unless the petition is denied and this is certainly covered in the subscription agreement. Some RCs are more flexible.
Bernard P Wolfsdorf
EB-5 Immigration attorneysVery few will return money until the designated period expires, maybe 5 or 6 years but there are exceptions.
Lynne Feldman
EB-5 Immigration attorneysProbably – review the project documents or retain an attorney to review for you to see if this is covered.
Dennis Tristani
EB-5 Immigration attorneysThis information will be in the subscription agreement and offering documents you signed.
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