Regional Center Designation
If you are a business seeking investment and wish to be recognized or certified
by the United States Immigration and Citizenship Services (USCIS), you
must apply directly to the USCIS. Designation as a regional center by
the USCIS does not mean the USCIS endorses your regional center or that
there is a reduced risk for the investor. However, USCIS recognition does
put investors at ease, knowing that your organization is recognized and
registered by the USCIS. Many EB-5 applicants prefer working with a regional
center, rather than going through the EB-5 process as a direct investor.
For assistance with obtaining a regional center designation, contact our
experienced Orange County immigration lawyer today. Our firm has the knowledge
and skill to guide you through this highly complex process, and will always
work in your best interests when you hire our firm.
Call us at (949) 478-4963 to
schedule a consultation with our experienced attorney.
What is the EB-5 Program?
The EB-5 program, sometimes called the "one million dollar green card"
is a program where foreign investors ("alien entrepreneurs")
can obtain permanent residency in the United States. The "alien entrepreneur"
must invest either $500,000 (if in a targeted employment area) or $1,000,000
and create ten full time jobs. This process can either be done directly, meaning
the investors starts a business himself and fulfills these obligations, or
indirectly through a regional center. The regional center must show that the "alien
entrepreneurs'" investment is $1,000,000 or $500,000 and that
the specific investment has created ten full-time jobs directly or indirectly.
How can I Be Regional Center for this Program?
The process is not as difficult as one may think, but it is highly complex.
The certification process requires an abundance of documentation and studies
regarding the area the regional center intends to cover. The most difficult
aspect of the application is economic analyses showing job creation by
the regional center. In addition, once approved, there are strict yearly
What types of Supporting Evidence Are Needed?
To be certified as a regional center by the USCIS, you must provide detailed
business plans, economic forecasts, and job creation analyses, among other
documents, to demonstrate that the proposed project is feasible under
current market conditions. The business plans should also identify all
fees and profits paid to the regional center or any of its principals
In addition, the application should explain the methodologies that the
regional center will use to track the investment of each EB-5 investor.
There must also be a description of past, current and future promotional
activities for the regional center, and the budget allocated to promotion.
Most importantly, the application must show that each investor who infuses
capital in the regional center will directly or indirectly create ten
jobs. For example, a project estimated to be worth $20,000,000 in an area
that is not designated as a targeted employment area must show that 200
jobs will be created with the investment.
Contact Us Today For Guidance
Becoming a certified regional center enables an enterprise to acquire low
interest debt and sometimes equity to fund large projects. The certification
process, however, is highly complex, requiring a team of experts in the
areas of immigration law, economics, forecasting and securities law.
Contact the Law Office of Ashkan Yekrangi today to determine if regional center designation is right for your business,
and to demystify this complex process.