With so many Regional Centers being approved does this make the EB5 visa safer?
Over the past few years, the number of approved Regional Centers has grown rapidly. According to the report that was released by USCIS after the EB-5 Immigrant Investor Program Stakeholder Meeting on June, 30 there are 147 approved EB-5 Regional Centers (RCs), operating in 39 states, including the District of Columbia and Guam. As of today the number grew even more.
The larger number of centers creates both pros and cons for potential EB-5 investors. On the positive side, more centers mean more investment choices. Potential EB-5 investors can locate centers closer to where they would like to live in the USA and choose from a wider range of investment projects with different exit strategies. Increasing number of EB-5 Regional centers also creates more fierce competition among the EB-5 projects forcing them to create more attractive offerings for foreign investors.
On the other hand though, more Regional Centers means less oversight by the United States Citizenship and Immigration Services (USCIS) and more projects just seeking quick financing or potentially cutting corners.
It is also vital to understand that the EB-5 Regional Center and the EB-5 Project are two independent entities. It is important to analyze the project itself, not just the Regional Center, because the success of the EB-5 project that particular Regional Center has represented in the past does not necessarily guarantee the next EB-5 projects to have the same success. The foreign investor should concentrate more on the present project and analyze its offering documents, business plan, job creation and the exit strategy.
With so many choices, potential EB-5 investors must take the necessary time to thoroughly research the EB-5 Regional Centers and projects that they are interested in to make sure they are making a sound investment and will get their EB-5 visa approval. The use of professional EB-5 consulting services can help to make this process run much smoother.
For more information, please contact Fred Burgess or Joe Sloboda at firstname.lastname@example.org or 001+1-954-727-9800.