What qualifications are required to establish and operate a regional center? Is a license or SEC license required? Can there be foreign nationals as investors?
Answers

Michael A Harris, Esq
Find the Best EB5 Visa LawyersThe law passed in 2022, called the EB-5 Reform and Integrity Act of 2022, prohibits non-U.S. citizens or non-U.S. lawful permanent residents from having “substantive” involvement in the regional center entity. The law does not explicitly apply that limitation to an individual person’s involvement with the entities such as the New Commercial Enterprise (NCE) or Job-Creating Entity (JCE). The law does prohibit foreign government involvement, so a person’s ties to such would need to be evaluated. Some sovereign wealth funds may be involved, but not in administration of a JCE.
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.