The immigrant Investor Program, commonly known as “EB-5”, has gained huge popularity among foreign investors. It is an important source of investment for development projects in the US that brings billions of dollars to the US economy by creating tens of thousands of job vacancies in the United States. However, it is important to know that this program is unlike any other program managed by the United States Citizenship and Immigration Services (USCIS) that is the only visa program that focuses on creating jobs and growing US economy. It is mandatory to create special challenges and opportunities.
How Does it Work?
History
Regional Centers
A regional center can be an economic entity. It can be private or public. It is something that promotes economic growth, regional productivity, job creation, and capital investment. When it comes to obtaining regional center designation, the entity must submit a proposal to the United States Citizenship and Immigration Services. To approve regional center designation, USCIS needs that the proposal should show how the center will promote US economic growth in a geographical region within the United States.
The regional centers play an important role by vetting investors and investment projects to make sure top-notch, long-term job creation. In addition to this, regional centers have become the predominant vehicle for EB 5 investment program. As of January 4, 2016, United States Citizenship and Immigration Services has approved more than 790 regional centers.
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