 Confused with all the conflicting EB-5 visa information? With more than 75 regional centers approved by USCIS to offer programs qualifying for the EB-5 visa we are increasingly investing time researching the hidden details behind the headlines.
The need to look beneath the surface has become increasingly apparent as regional centers often devote significant expenditure on sales and marketing, sometimes using specialist consultants to advise them on how to attract immigrants from specific countries.
We remain concerned that those looking at some of the EB-5 programs may fail to realize that the primary focus of the regional center may be on attracting sources of funding, (particularly given the difficulties in raising finance in the current tighter financial markets), rather than concentrating on the needs of the EB-5 immigrant investor.
We are also concerned where there may be possible conflicts of interest when some regional centers are advised by specialist consultancies. This is of particular concern when the very same consultancies are also advising the potential immigrants.
Sometimes issues that may be important to the immigrant investor are very hard for the potential EB-5 investor to track down – here is one such nugget relating to a proposed scheme:
“The Investment firm that is going after the EB5 investors, to the best of my knowledge, has NEVER SUCCESSFULLY FUNDED one of these projects. There are a few EB5’s that have been implemented in [location] but the firm that is heading up this hasn’t done it.”
Don’t be mislead. Find out exactly what you need to know BEFORE you chose a regional center for your $500,000.
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