The problem is many regional centers swarm into EB5 investment center in hope to capture foreign investors who want to “buy” green cards for their families. While they keep saying it is okay not to get the money back, they worry about being taken for a ride by people who they don’t share the same language.
The concern is absolutely justifiable. Actually it is sadly surprising if one doesn’t have such concern. The truth of the matter is many approved regional centers are created by scammers. As EB5 lawyers, we constantly “stop” clients from investing.
However, this is not end of the road. There is actually solution for this problem.
Unknownst to most people, EB5 does not necessarily mean regional center. USCIS administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by
USCIS based on proposals for promoting economic growth.
This is to say, investors can have standalone EB5 project as long as 10 jobs can be created as the result of investment. Of course, this could be a turn-off to foreign investors because it is unimaginable for most foreign investors to manage a commercial enterprise on a land they are clueless about.
Well, rest assured. Why? Because if foreign investors can be guided to invest in a Franchise business where all management work is taken care of by the Franchisor, investors don’t have anything to worry but to operate with assistance of a translator or a manager.
This is ultimate EB5 investment solutions for safety-conscious foreign investors.