EB-5 Regional Center & Project Developer Consulting Services
Our experienced and industry-leading team of professional will evaluate and help you determine the feasibility of your project and, more importantly, whether your project meets the complex requirements to receive approval from the United States Citizenship and Immigration Service (“USCIS”) for designation as an EB-5 Regional Center.
The creation and management of a Regional Center requires expertise in the following areas: (1) EB-5 process; (2) immigration law; (3) equity fund structuring; (4) transaction due diligence and structuring; (5) economic analysis; and (6) marketing. Our diverse team of professionals is able to advise you on all of these components–providing a cohesive and integrated solution.
An EB-5 funding model, if carefully planned and structured, could be an excellent and low-cost method of raising capital. The range of capital raised through EB-5 Regional Centers has individually varied anywhere from $5 Million, on the low end, to $300 Million, on high end. There has been increased awareness and interest by foreign investors in the EB-5 program, and it is forecasted that a record number of foreign investors will be issued EB-5 visas this year.
What are Regional Centers?
USCIS defines a Regional Center as “any economic entity, public or private, which is involved in the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment.” A Regional Center could be independent of the actual project or created in connection with a specific development. Regional Centers are set up to act as intermediaries between foreign investors and EB-5 eligible projects in the United States. To apply for Regional Center designation, a Form I-924 is submitted to USCIS, and processing times are between 4-8 months.
A range of different projects have qualified for regional center status, including shopping malls, hotels, mixed use real estate developments, warehouse distribution centers, manufacturing facilities, biotech, clean-tech, and business incubators. Because the key thrust of the Regional Centers is to create jobs, many regional centers are sponsored by or work extensively with local governments in a form of public-private partnership, but this is not a requirement.