Why is there no database for EB-5 projects? - EB5Investors.com

Why is there no database for EB-5 projects?

I wonder why no database provides information to investors, like the project’s current status (I-956F approved), name, regional center, or developer, to be readily accessed? Even with my attorney’s help, I feel like I am researching information all over the place. I have been provided documentation, but who says the information is correct? How do I know the documents are correct? I feel I depend too much on other people to do the due diligence of each project.

Answers

Lynne Feldman

Lynne Feldman

Find the Best EB5 Visa Lawyers
Answered on

I agree that would be useful. There are firms that specifically vet the projects, their financials etc. which are registered with the SEC. If you don’t want to go that route keep asking questions until you get answers and/or look at their immigration track record of I-526 and I-829 approvals, do they have a current I-956F approved, etc.

Yuliya Veremiyenko-Campos

Yuliya Veremiyenko-Campos

Find the Best EB5 Visa Lawyers
Answered on

USCIS maintains a list of approved regional centers on its website. Unfortunately, there is no such centralized list or database for the projects. It would be very difficult to create and maintain as there are many projects, and they constantly change.

Charles Kuck

Charles H Kuck

Find the Best EB5 Visa Lawyers
Answered on

The USCIS has an up-to-date list of approved EB-5 regional centers, the reason there is no independent database is that many of these projects never get beyond the USCIS filing stage and do not attract any investors.

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.