What is an EB-5 Regional Center?
Anyone who is interested in the EB-5 Green Card program must have a basic understanding of the EB-5 Regional Center. This is simply because an investment in a Regional Center will decrease your minimum investment from $1,000,000 to $500,000! Most people today that are applying for EB-5 Green Cards do so through a Regional Center.
Unlike the original way of going through the EB-5 program, which was to spend $1,000,000 buying and actively running and existing business, using a Regional Center is simply an investment in a business that will be run by others. 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. The organizers of a regional center seeking the “Regional Center” designation from USCIS must submit a proposal, supported by economically or statistically valid forecasting tools, showing:
- 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.
In simpler terms, a Regional Center is an investment/area designated, and pre-approved, by the USCIS as eligible to receive immigrant investor capital. The Regional Center obtains its designation through a very complex application process with USCIS and they must maintain their status continuously. There are currently about 895 Regional Centers designated throughout the United States. Each one is its own separate and distinct business. While one Regional Center may be a hotel resort, another may may be involved in forestry or biochemicals. But as long as it has been designated as a Regional Center, it doesn’t matter what it does.
This short article is only meant to give you an idea as to what an EB-5 Regional Center is. I hope this is helpful to you and I encourage you to learn more. For more information about the EB-5 Regional Centers, please visit Central Florida’s premier immigration firm at www.OrlandoVisa.com, or call us at (407) 648-5742.