Have any USCIS approved EB-5 Regional Centers ever failed?
The fear of failure is something that is of great concern for everyone, especially when it comes to investing hundreds of thousands of dollars in a business located in a foreign country. Usually foreign investors want to know what EB-5 Regional Centers have failed in the past and why this could have happened. The ability to get answers to those questions can be vital for investor’s choice of a particular EB-5 Project being considered for investment.
When it comes to failure in the world of EB-5 investment this fear can manifest itself at several stages. Failure of the I-526, failure for removal of conditions or failure to create the required jobs, failure to complete construction of a project, failure of the business you have invested into and potentially a failure to repay your investment at the agreed upon time. While many people would like you to believe that this has never happened, there are unfortunately EB-5 Regional Centers that had experienced problems in the past and even a few that are experiencing problems now.
It is important for an investor to understand the actual reason of a particular EB-5 Project’s failure on each stage: whether it is investor’s I-526 application denial caused by investor’s inability to provide source of funds; or a denial of I-829 petition as a result of failure to create requisite number of jobs or finish construction on time.
Understanding the circumstances under which some EB-5 projects have failed can prevent foreign investors from repeating mistakes others may have made in the past.
Being in the industry almost 4 years, the Exclusive Visas’ team has witnessed various issues and problems with more than a few Regional Centers, even those that have had previous history of multiple I-526 approvals and even I-829 approvals. We have done our research and analysis of the reasons that stand behind those failures and we will be glad to share our findings with you.
Contact Fred Burgess or Joe Sloboda today so that together we can provide you with information that could prevent you from making a decision that could lead to a potential costly mistake of investing into an EB-5 Regional Center that is possibly facing issues. Issues that could prevent your conditional green card from becoming permanent or the possibility of you losing your investment all together.
Email Fred Burgess or Joe Sloboda for more information at firstname.lastname@example.org or contact us by calling +954-727-9800