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What is an EB-5 Regional Center?

What is an EB-5 Regional Center?

A regional center is an organization that is approved and regulated by US Citizenship and Immigration Services (USCIS) to sponsor U.S. projects and pool foreign EB-5 capital to invest in those projects in order to promote economic growth and job creation.

The function of a Regional Center

The regional center is primarily responsible for maintaining compliance with USCIS EB-5 rules and regulations to ensure that its EB-5 investors qualify for a U.S. green card.

A regional center’s responsibilities include:

  1. Underwriting and structuring EB-5 projects that not only comply with USCIS rules but also provide the highest likelihood of success for our investors to obtain a US green card and the return of their capital.
  2. Drafting the investment securities documents, including the Private Placement Memorandum (PPM) as well as the transactional, corporate, securities, and loan documents pertaining to the investment in a sponsored project.
  3. Drafting a comprehensive business plan that complies with the Matter of Ho case.
  4. Drafting an economic report using reasonable methodologies to establish the number of indirect jobs created.
  5. Filing the I-924 and I-924a forms with USCIS for project exemplar pre-approval and for annual reporting on project/job creation progress.
  6. Providing EB-5 investors and their immigration attorneys with all project-related documents necessary to file the I-526 petition.
  7. Providing EB-5 investors and their immigration attorneys with evidence of job creation to file the I-829 petition.
  8. Tracking construction progress and job creation during the project.
  9. Providing EB-5 investors with quarterly and annual reports on the progress and status of the EB-5 project and partnerships.
  10. Administering and tracking the deployment of the EB-5 capital and return to EB-5 investors upon the completion of the conditional residency period and investment term.