Question:
We do community care business, we serve developmentally disabled and mental illness clients. And we accepted 2 EB-5 investments already. 1. Is it possible we can be a regional center? 2. Do our facilities need to be in a TEA area if we are a regional center? 3. Can we be a regional center before we control any facilities? Thanks
Answers:
Our law firm has the experience to assist your U.S. business to become EB-5 compliant and to assist in advising you of the legal and financial infrastructures needed to make it an EB-5 Regional center with approvable hypothetical or actual projects. A Regional Center and its projects may or may not be on TEA 's.
Applying for Regional Center designation with an existing business can help you obtain the required geographical area and industrial classification. Existing business do have different job creation requirements, however. The TEA designation only matters in terms of the investment of $500,000 or $1 million. Regional centers can be designated with hypothetical or actual projects.
Entering the EB-5 world with a project or to designate a regional center can be complicated, which is why retaining an experienced EB-5 attorney and team of professionals is highly recommended.