Recent Revocations and Enforcement May Change the EB-5 Landscape
Those considering the use of an EB-5 regional center as a means of raising income should be aware of recent regional center terminations. The U.S. Citizenship and Immigration Services (USCIS) has used its ability to terminate participation of EB-5 regional centers four times in the past three years. The reasons for these terminations were based on a lack of economic growth and potential fraud. Owners and developers should be aware of USCIS’ ability to terminate regional centers and adjust their practices to ensure ongoing viability. Not only will this knowledge prevent economic loss and litigation among current and potential developers, it will give investors the opportunity to adjust their practices so as to successfully plan and operate their current or future regional centers.
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