EB-5 Continues to Gain Popularity
USCIS has recently released
Just in the first 6 months of fiscal year 2011 alone, the number of
The number of Regional Centers has also mushroomed. There are nearly 150 Regional Centers, with another 90 applications pending. Given the advantages of the Regional Centers, it is understandable that 90–95% of all investments are made through the RCs.
One cautionary sign is that the percentage of approvals at the initial petition stage has dropped — from 89% to 81%, although the percentage of approvals at the condition removal stage has increased — from 83% to 86%. While it is certainly the case that more individual investor petitions are denied as a percentage than petitions filed through a Regional Center, it only takes the problems of one Regional Center with a multitude of investors to negatively impact these statistics.
The lesson: These statistics underscore the need for due diligence to be conducted before making an investment in a Regional Center.
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