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How to Prepare for the EB-5 Regional Center Program Reauthorization

2.5 minute read
"Recently, the EB-5 Regional Center Program was put on hold, leaving many in doubt as to what to do next. While the program was not reauthorized after it expired on Jun 30, 2021, that is no reason to write it off completely."
Written by My Visa Source Team
Published on:  Aug 7, 2021
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in doubt as to what to do next. While the program was not reauthorized after it expired on Jun 30, 2021, that is no reason to write it off completely. 

The EB-5 Regional Center Program has a history of expiring and then getting reauthorized after some time. While it may take a few months, Congress will authorize the program. That is why it is never too early to start preparing your application for the program. 

What Steps Can Be Taken for the Reauthorization of the EB-5 Regional Center Program?

Consult an Immigration Attorney

The first step to take is to consult with an experienced immigration attorney about applying for the program. Applying for a US Visa can be an overwhelming process and having an experienced professional at your side to guide you can make it much easier. 

An experienced immigration attorney will be well versed with the requirements and regulations of the EB-5 Visa program. Also, considering that reauthorization will likely reform the eligibility criteria for the program, an immigration attorney will be well equipped to help you deal with the situation.

Gather the Required Documentation and Source of Funds

You must prepare all the required documents that must be submitted to complete your application for the program. This includes gathering documentation to demonstrate that the funds for investment have been sourced legally. There are a variety of ways to fund your EB-5 investment, however, the source must be legal and verifiable.

The following types of documentation will help you demonstrate your source of funds:

  • Bank statements

  • Employment records

  • Investment records

  • Loan documents

  • Property records

  • Business accounting records

  • Gift records

  • Tax returns

You can consult with an immigration attorney to confirm what documents will be required to ensure that you are ready to submit a completed application as soon as the program is reauthorized.

Identify a Regional Center

While you will not be able to submit any petitions related to a regional center, it is not too early to start looking for one to invest with. There are several trusted regional centers with proven track records. As an investor, it is your responsibility to analyze and review each of their performance to make an informed decision.

You should carefully consider and research each regional center to determine the one that will work the best for you. If you reach out to your chosen center early, then you can decide on the terms and conditions of your investment to ensure that you are ready to apply as soon as the program is reauthorized.

Look for Other Options

This is also an important aspect of preparing for the future. You have to consider other options to decide if waiting for the reauthorization of the EB-5 Regional Center program is really the best option for you. Therefore, it is best to determine whether you fit the eligibility criteria for the program. If not, it is always best to consider other US Visa options better suited to your eligibility.

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