It is with great concern that I’m following the news about this regional center in the U.S. that got terminated because it did not pay administrative fees on time. I see that it’s not the only one. I am right now looking at several regional center project options and I worry that I will never learn that my regional center did not pay their fees when it was supposed to. How will I know if they are going to be canceled? Will I be notified by the regional center or the authorities if my regional center will be terminated? Will I be informed with enough time to pull out my investment for another EB-5 regional center? What can I do if something like this happens? Should I demand it includes something about termination in my project contract?
Answers
Lynne Feldman
Immigration Attorneys DirectoryValid concerns. Your safest bet is to select a Regional Center with a proven immigration track record.
Anthony Cummings
Litigation AttorneysThis does not happen that frequently so you will need to monitor the status of the Regional Center. It seems that when a Center is terminated the projects must be transferred to another Center. The authorities should require that investors be notified and that the pending projects be transferred to another Center.
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