If I invest in a regional center in 2017 and the regional center then invests money in a construction project that has been going on since 2015, will jobs created prior to my participation in EB-5 be considered during the I-829 filing? Does USCIS have a rule for this?
Answers
Salvatore Picataggio
Immigration AttorneysMost EB-5 projects will have a plan for job allocation. Jobs have to be created by the investment, but there are ways to get credit for previously-created jobs. This is an advanced technique, so please work with experienced EB-5 immigration counsel.
BoBi Ahn
Immigration AttorneysFor EB-5 purposes, each EB-5 investor must create at least 10 qualified jobs by his/her investment; therefore, jobs created prior to your investment by other investors may not count toward your required minimum job creation.
Charles Foster
Immigration AttorneysYou are actually not investing in a regional center, but in a regional center job creating project. You can invest funds and the jobs for that particular project will count even though the jobs may have been created prior to your investment if structured properly.
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.