Preeti Sinha

How can an EB-5 direct business be changed during conditional residence?


Philip Cohen
January 06, 2016 09:55 AM  Philip Cohen

There is some latitude in terms of how a business can change. Provided it is in the same industry and the TEA has not changed, reasonable changes to the business can be allowable, however there is no set definition on what is reasonable. A restaurant for example, should not have any issues if it should change from being quick service to fast food.

Raymond Lahoud
May 07, 2016 04:43 PM  Raymond Lahoud

Any change must be reasonable in nature. You can not do a complete switch and enter into a different industry, etc.


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