Since the passing of the changes to the EB-5 Visa Program, the number of USCIS approved EB-5 Regional Centers has decreased. From 2016 to 2018, there were over 800 functioning and USCIS approved Regional Centers. Now the trend is as follows below due to the changes in investment amount and targeted employment area designations.
- As of March 2020, there were 772 approved regional centers.
- As of May 2020, there were 728 approved regional centers.
- As of August 2020, there were 692 approved regional centers.
- As of October 2020, there are 678 approved regional centers.
Because of this decline, it's even more important for potential EB-5 investors to do their due diligence in looking for a Regional Center to invest in.
Here are a few quick tips for prospective EB-5 investors looking to get a green card through an EB-5 Regional Center investment.
- Check the USCIS approved list of EB-5 regional centers, which was last updated October 6, 2020.
- Conduct thorough due diligence on the regional center’s principals, their team, and their developer. What is the regional center’s track record? Have they completed similar projects?
- How many I-526 and I-829 petition approvals have they received?
- What are the details of the project? Do you have an outside professional that can advise you on the risks?
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