I want to make sure I have all the necessary information when choosing an EB-5 project from a regional center. Are there specific details the regional center must provide about their project? How much of the information is about the regional center itself versus the project? Also, what is the minimum required information, and what would be ideal? I’m feeling overwhelmed by the amount of due diligence information I should review. I know my lawyer must do most of the legal assessment, but I want to confirm I will be getting everything I need to know.
Answers
Bernard P Wolfsdorf
EB-5 Immigration attorneysEB-5 is complicated which is why you need an experienced team that can guide you through the process and honestly advise you on best options. For the few that know this filed, its straightforward because we know the process and know most of the key players, and how to evaluate options.
Lynne Feldman
EB-5 Immigration attorneysThe lawyer can do a legal assessment but you may want a financial person to do a due diligence on the financial investment.
Echo Meisheng King
EB-5 Immigration attorneysThere are a few key things you need carefully research:
1. Visa availability. Ensure that the visa is current. If you are from China or India, verify that the project is a rural project to avoid potential visa backlogs with non-rural projects.
2. Green card safety. Confirm whether the project will create enough jobs. It is advantageous if some or all of the jobs have been created. Additionally, assess whether the project makes sound business sense.
3. Capital safety. Examine the collateral for the return of your capital. Determine whether the EB-5 fund is structured as a loan or equity and review the terms of the loan.
Linda Liang
EB-5 Immigration attorneysYou should work with your lawyer because due diligence requires verifying the information on the legal documents. If your lawyer is not equipped to do this, you should hire one.
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