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History and Formation

History and Formation

Congress established the EB-5 Immigrant Investor Program (Regional Center) in 1992 to allow foreign investors to immigrate to the United States upon investing in a new commercial enterprise and successfully creating 10 full-time jobs for US workers.

To be designated as an approved EB-5 regional center, the organization must file Form I-924 with USCIS. Upon approval, USCIS grants the regional center a license to raise and invest capital in projects in a specific geographic area and in specific industries.

Regional centers may also submit an I-526 exemplar to seek USCIS pre-approval of the business plan and economic methodology to model indirect job creation of a particular “shovel-ready” project. Upon an I-924 / I-526 exemplar approval, USCIS deems that the project is reasonably likely to create the jobs and will defer to its preapproval in subsequent I-526 petitions filed by EB-5 investors.