Tips on Finding a Regional Center When Using the Eb5 Greencard

Posted by Criminal Defense Lawyer Wednesday, November 11, 2009

When you first heard about the eb5 greencard, you probably had a lot of questions. After all, it seems too good to be true. You will need to get an immigration lawyer to fully answer any individual queries you have, but until then, you can certainly get the answers to a few popular questions that many others have asked about picking a regional center. It is advised that you get a general background on the eb5 greencard before checking out the answers, as that may help you understand them better.

If you plan to invest your money in a regional center, you might have several questions when it comes to choosing the best one for you. Many centers try to lure investors by claiming that their immigrants often get approved faster than anywhere else. This is not true. While some regional centers likely have a record of investors who were quickly approved, it has nothing to do with the center itself. It has everything to do your specific application, the people reviewing it, and the time period in which you submitted it. Sometimes you will just get lucky and have it approved within a few weeks, but you should expect to have to wait about five months to get an answer.

When it comes to regional centers, you have a lot of options. There are about 60 centers in the United States, with at least one in nearly every state. There are also about 50 applications that have recently been received for such centers, so there will be more choices soon. This means that if you cannot find a project or center you are interested in funding right now, you have a good chance of finding one within the next few months.

As you have likely heard, you have to help create ten fulltime jobs with your money, whether you take the typical eb5 greencard route or use a regional center. If you choose the latter, you will receive some help, but it still needs to be proved that your investment created the jobs. You should know that the center cannot count any jobs that were made outside the designated region. Some centers do this, likely to lure more investors by making it easier for them, but this is against the rules and could get the center in trouble. Just stick to the expectation that you will need to create ten fulltime jobs, which should not be difficult to do with a project that gets your $500,000.

Your immigration lawyer can answer any other questions you might have. If they are broad, and you want to know about the program, you do have the option of researching more online. Just be sure to get the facts before committing to a regional center with your eb5 greencard, not fluff that some officials want you to believe.

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