USCIS updates List of Terminated Regional Centres – July 17, 2017
USCIS on July 17, 2017 updated list of Terminated Regional Centres for EB-5 program. The terminated Regional Centres may not solicit, generate or promote investors or investments or otherwise participate as designated regional centres in connection with Immigrant Investor Program or popularly known as EB-5 program.
The selection of Regional Centre is a cumbersome process and should be diligently undertaken as it not only involves risk of capital being invested with the particular Regional Centre for a lifecycle of EB-5 program but also risks the Green Card of the potential investor and its family members.
Though Regional Centers are approved by USCIS, the same are not Government undertakings. The Regional Centres are Private Corporations or LLPs which act as a pool of investors to invest in New Commercial Enterprise (NCEs) or Job Creating Enterprise (JCE).
Potential investors should do their due diligence before making any investments with the designated Regional Centers including but not limited to the Business Plan, validity of designation by USCIS, risk of investment involved amongst others.
The updated list of terminated regional centers can be viewed here.
If you are considering immigrating on EB-5 visa and looking for Regional Centre program for your potential migration plan, feel free to contact us and schedule an appointment with our attorney to evaluate the Regional Centre and its offering for your United States migration journey.