If a foreign investor puts $1 million into mezzanine debt for an EB-5 project, is there a term limit on how long he or she has to retain that position? Can he or she sell it and reinvest?
Answers

Julia Roussinova
Immigration attorneysUnder current law, the EB-5 investment must be sustained until an the EB-5 investor's I-829 is adjudicated. This takes 4-5 years on average for most EB-5 investors and a much longer period of time for the mainland Chinese nationals due to the current immigrant visa backlog.

Charles Foster
Immigration attorneysThe investor who puts $1 million into an EB-5 project for the purposes of acquiring lawful permanent residency, assuming that the minimum investment is $1 million, must maintain the investment throughout the period of time it takes to acquire conditional permanent residency and beyond that until such time as conditional permanent residency is removed when the I-829 petition is approved. As always, you should consult experienced immigration counsel.

Ed Beshara
Immigration attorneysBased upon EB-5 regulations and policies, the EB-5 investor has to sustain the investment in and cannot exit the EB-5 project until the EB-5 investor's I-829 petition is approved.

Salvatore Picataggio
Immigration attorneysEB-5 investments must be "sustained" in the new commercial enterprise until their immigration process is complete. USCIS has introduced the concept of redeployment of funds, but not a lot of practice guidance has been provided.

Fredrick W Voigtmann
Immigration attorneysThe EB-5 rules require that the full amount of invested capital remain at risk for the conditional period of lawful permanent residence (which is two years). USCIS' current interpretation of this rule is that the capital must remain at risk until the investor's condition has been removed. For most individuals, this period will be longer than two years and for EB-5 investors born in China who are making their EB-5 investments now, it could potentially be much longer (six, seven, eight years or longer).

Bernard P Wolfsdorf
Immigration attorneysThis may vary by project, but the investment must be sustained through until the I-829 stage, which realistically will be about 4-5 years, except for Chinese, where the waiting line is longer.

A Olusanjo Omoniyi
Immigration attorneysGenerally, there is no standard term. As a matter of fact, the only term that you will have to deal with is the term set in your investment agreement. Also, whether you can sell or reinvest depends on the exit clause in your investment agreement.

Peter Zhang
Immigration attorneysThere are no specific term limits. The requirement is that it must create the requisite number of jobs by the time you remove the conditions of your green card.

Raymond Lahoud
Immigration attorneysYou would have to retain it until the I-829 is approved and the conditions on your lawful permanent residence are removed.
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.