A Regional Center is defined as any economic entity, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment. For a Regional Center to be created, the organizers must show through proper evidence:
- How the regional center plans to focus on a geographical region within the United States. The proposal must explain how the regional center will promote economic growth in that region.
- How, in verifiable detail (using economic models in some instances), jobs will be created directly or indirectly through capital investments made in accordance with the regional center’s business plan.
- The amount and source of capital committed to the regional center and the promotional efforts made and planned for the business project.
- How the regional center will have a positive impact on the regional or national economy.
It is important to note that the USCIS' designation of a business as a Regional Center in no way ensures that an EB-5 investor is guaranteed unconditional permanent resident status by way of his/her investment into the Regional Center. The requirements to obtain such status by way of investing in a Regional Center are the same as an EB-5 investor creating or investing in a non-Regional Center business.
As always, it is important to consult with an immigration attorney to determine what due diligence should be completed before investing and to ensure that the investor meets all the elements required by the law.
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