Last year I invested in an EB-5 project but later decided not to pursue the green card. Now I just want my money back. Should I just wait for my I-526 petition to be denied, or can I cancel it?
Answers
Lynne Feldman
Immigration Attorneys DirectoryCheck with your project director on this and review the project documents you signed.
Sally Amirghahari
Immigration Attorneys DirectoryYou should review your offering documents (i.e. partnership or subscription agreement) that was signed between you and the Regional Center to determine how you can get your investment fund back under your situation. Ultimately, you must discuss your options with the Project Manager or Regional Center regarding the same.
Robert V Cornish Jr
Securities AttorneysYou should consult with a securities attorney to review your offering documents to ascertain what options, if any, there may be to facilitate a withdrawal request from the corporate vehicle in which you may be invested.
Phuong Le
Immigration Attorneys DirectoryContact the RC and discuss with them. Your offering documents should detail the possible refund or repayment options if you choose to withdraw versus if your I-526 is denied.
Ying Lu
Immigration Attorneys DirectoryYou need to look at the investment related documents, such as the PPM or the Limited Partnership Agreement about the terms of exit. Most times, the project will not return the money when the investor changes his/her mind until the terms of exit are satisfied.
Dennis Tristani
Immigration Attorneys DirectoryYou need to speak to your immigration attorney and the project you invested in to confirm what specific mechanisms are available to you for a return of capital.
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