These investments are usually in areas with high unemployment or in a rural area, so the EB-5 program lowers the required investment amount for people seeking green cards to $500,000, as opposed the minimum$1 million investment under the traditional EB-5 program.
Which Regional Center Should You Invest In?
Today, there are a lot more regional centers for foreign investors to choose from than just a few years ago. In 2008, there were fewer tan 20 in the US. Now there are 22 in the state of Florida alone.
So how can a foreign investor know which one to choose? While there are no guarantees that you will recover your investment and get a green card, here are some tips to help narrow down your choice:
- Success Rates — Regional centers usually can provide statistics on their approval rates. A successful track record of I-526 and I-829 approvals is one of the best indicators of past success, and could be a strong indicator of future success as well.
- Velocity — Foreign investors should consider the capacity of the regional center to expeditiously market and sell its investment units. The last thing you want is to have your money tied up in projects where developers can’t even break escrow because they haven’t attracted enough investors yet.
- Management — Consider the general partner’s experience in managing multi-million dollar projects and which projects they have successfully completed in the past. You especially want to find regional centers that are experienced with the EB-5 program and understand the consequences of not completing a project and creating the requisite number of new jobs.
- Job Creation — If the regional center fails to meet the criteria of the EB-5 program, your green card could be at risk. Foreign investors should focus on whether the economic methodology for creating these jobs is practical and will work.