How to select a Regional Center?
Selecting an EB-5 Regional Center is a crucial step in your green card journey. Here’s why a thoughtful approach is essential:
Long-Term Commitment: The EB-5 process is a marathon, not a sprint. With timelines potentially spanning 3-7 years, you’re entering a long-term relationship with your chosen Regional Center.
Proven Track Record: Experience matters. Select a Regional Center with a successful history of managing diverse projects across economic cycles. They should have demonstrated a proven ability to consistently raise EB-5 capital, create jobs, and return investor funds.
Beyond Green Cards: While obtaining a green card is a primary goal, so is recouping your investment. Focus on finding a Regional Centers with a strong track record of project completion and investor repayment. Ask about their success rate in returning capital alongside green card approvals.
Expertise Beyond Sales: Look beyond a Regional Center’s sales team. Ensure they have a dedicated staff equipped to manage your investment, track project progress, and provide regular updates. The most reputable Regional Centers offer comprehensive support for both you and immigration counsel.
Some Key Questions for Regional Centers:
- How many years have they been involved with the EB-5 program?
- How many projects have they successfully completed?
- How many of their investors have been approved by USCIS?
- How many investors have they repaid?
By prioritizing these factors, you can select a reliable EB-5 Regional Center that will guide you effectively throughout your green card journey.
Video Transcript
Remember that when you select a project, there’s going to be a Regional Center tied to it. The EB-5 process is not overnight. Could be three, five, seven years. So, it’s really a long-term relationship. So before you jump into your relationship, you want to know who’s the people behind you. Yes, there’s going to be people monitoring your project investment and everything else but is this Regional Center properly equipped and staffed in order to track your investment to track their projects and monitor it. What we’d like to see is when we look at projects, we want to see the Regional Center behind it. Do they have not just sales people, but people who will help with tracking these petitions, giving project updates to the investors, really communicate. The most established and I think knowledgeable Regional Centers will have a whole team or full staff support both you and our law firm, and that’s what you really want. So when you select a Regional Center and then investment, one thing that’s important to to look for is a Regional Center that has successfully managed several different projects throughout the years. They’ve gone through these several different economic or investment cycles. Ideally you are selecting a Regional Center that has a specialized in one particular area or they have a track record of raising EB-5, creating jobs, and repaying investors time and time and time again. So it’s not just about the I-829 approval or their green cards. In our opinion, every single EB-5 investor also deserves their money back. So when you’re speaking with the Regional Center, ask them not only about how many green cards have they gotten, but how many projects have they actually completed and repaid their investors throughout the years. That’s a very important question I think most investors should be asking the Regional Centers and projects.
Learn About Your EB-5 Eligibility
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