A regional center is Not a Center. To put it simply, a regional center is a project, funded by one or multiple investor immigrant to receive Green Card for the investor and their family members.
The investment opportunity in regional centers has increased from $500,000 to $900,000 (in certain zip codes) due to president Trumps new policies. This increase, of course, decreased the number of foreign investor applicants, but it was inevitable due to government orders.
To be approved, a Regional Center (project) must have a business plan that strictly follows US government guidelines for “Eb5 Job Creation”. It means for every $900,000 investment amount; the center must create 10 full time jobs for “Qualified American Workers”.
Some projects can create that 10 full time easily. Some projects will struggle when it comes to the “job creation” as the nature of the project does not allow flexibility and increase of workers.
The USCIS (United States Citizenship and Immigration Services) wants to know about the project, the owners, the investors, the operation and the validity and dependability of the promise of “job creation”.
Qualifying a project for a regional center is not an easy task. Just the filling fee for government approval of the project is close to $20,000.
But once the project is approved; the owners may bring “foreign investors” to invest $900,000 to $1,800,000 into the project which its main focuses is “creating jobs” for Americans.
There are many companies that are in the market of bringing in the foreign investors’ capitals. These companies own projects that are “approved regional centers”. These projects are in different US states and USCIS’s website maintain a public list of their company’s name. These companies (approved regional centers) must register their activities every year with the USCIS and declare they have remained in valid status and required operation.
In order to receive a green card, an investor can buy his own business or choose to invest with a “regional center”. A regional center will have a contract with the “foreign investor”.
$900,000-$1,800,000 is a lot of money. Immigration matters are complex. To invest and to receive immigration benefits an investor should speak to an experienced lawyer who can explain all the matters in “simple language” for the “foreign investor”. Contact a lawyer, so you can make decisions knowingly and intelligently.
This is a legal blog. It is not intended to be used as legal advice. This blog does not create Attorney-Client Relationship. For further information please contact the law offices of attorney Ramona Kennedy.
Ramona Kennedy (Attorney) received her Jurisprudence Doctorate in America and is a licensed attorney in California (USA). Ramona Kennedy is a member of American Immigration Lawyers Association (AILA) and Orange County Trial Lawyers Association (OCTLA). Ramona Kennedy is fluent in English and Farsi (Persian).
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