Question:
What questions should EB-5 Investors ask to do Due Diligence of a Regional Center ? Will a Regional Center company and principals be in business in the future for Removal of Conditions?
Answers:
1. Obtain Bank reference of EB-5 general partner and/or principals
2. Obtain Dunn and Bradstreet on general partners and/or principals
3. Any past law suits? (Regional Center, general partners or principals)
4. Any past criminal convictions? (general partners or principals)
5. When was Regional Center established?
6. How long has Regional Center been doing business? Any previous business?
7. When can the investment be sold? When can client get money ($500,000) back? How many investors have received return of investment money?
8. How is the amount determined?
9. How many years of experience does the general partner or principal in the investment project have in working with EB-5 immigrant investor programs?
10. What precautions are taken to monitor job creation? What steps are taken if the requisite job creation has not occurred?