Can an EB-5 regional center be sold to a foreign entity?
I've recently seen two situations of regional centers being sold to foreign entities, and I've seen no rule against this, yet isn't this a disservice to the visa applicants? In one case, I saw a regional center seller extract a profit for himself from the sale. Is this allowable?
I don't think there is anything in SEC or USCIS regulations that prevent a Regional Center to be sold to a foreign entity. At the end of the day, the focus of the Regional Center is to create jobs in the U.S. through qualified EB-5 projects. If it is owned by a foreign or domestic owner, it bears no difference as long as jobs are created in the U.S.
I can see however how this could spin into a political nightmare if media founded a few Regional Centers owned by foreign entities. I don't think there is anything unethical about it as long as the objectives are always met.
Subscribe for News
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.