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ARTICLE · 12 DECEMBER 2022

Developer Options Regarding Regional Center Sponsorship

Klasko Immigration Law Partners
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With the passage of the EB-5 Reform and Integrity Act ("RIA"), and the resumption of the regional center EB-5 program, many developers are structuring new EB-5 projects for marketing to potential investors.

United StatesImmigration
H. Ronald Klasko
H. Ronald Klasko
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With the passage of the EB-5 Reform and Integrity Act ("RIA"), and the resumption of the regional center EB-5 program, many developers are structuring new EB-5 projects for marketing to potential investors. Such projects require sponsorship by a designated regional center that has filed Form I-956 with USCIS.

In counseling such developers, we discuss 3 options:

Option 1
The developer can file Form I-956 to form a new regional center and apply for designation with USCIS. Even if the developer wants to incur the responsibilities and liabilities under the RIA, choosing this option is impractical unless the developer is prepared to defer the raising of EB-5 capital potentially for many years.

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