How important is a history of “100% Approval” when considering an EB-5 Regional Center? (Part 2)
When considering the EB-5 Investor Visa program some clients will ask if they should only consider a project that has a 100% success rate of creating the required 10 jobs per investor so that the conditions can be removed from the conditional green cards – this can also be referred to as a 100% approval of I-829 applications. The problem with this requirement is that it is not very likely that as a current investor you will have the opportunity to invest into the same project that has had the success of creating all of these jobs.
When considering the EB-5 investment it is critical to understand that every Project being offered (even if offered by the same Regional Center) is different from previous projects. What may have been successful in creating enough jobs over the past 2 years may be very different from the current project that is being offered. You also need to consider how reasonable it is for these additional jobs to be created in this same geographic area.
A Regional Center is in a rural area with a low population and has had two very successful previous offerings (Phase 1 and Phase 2) and has resulted in numerous successful I-526 approvals and is now providing successful I-829 approvals
The previous two phases must create enough jobs that are equal to almost 10% of the local population
The newest (or third Phase) must create more jobs than the first two phases combined
How likely is it that this current EB-5 Project and Regional Center will be able to create more jobs than 15%-20% of the local population?
This is just one of the concerns that must be considered when blindly considering a Regional Center based on past approvals of I-526 and I-829 applications.
If you would like more information on how the professionals at Exclusive Visas can help you in the research of the EB-5 Investor Visa program please email Fred Burged or Joe Sloboda at firstname.lastname@example.org or telephone us at +954-727-9800