I am a conditional permanent resident with a pending I-829 filed in April 2017. Recently I was informed that my regional center has been terminated. What does this mean to my investment and my immigration status? Can I transfer to a different project? If so, how can I start over? I will need to extend my status and update the stamp in my passport in several months. Could I get denied for it due to the termination of the regional center?
Answers
BoBi Ahn
Find the Best EB5 Visa LawyersMost likely you can complete the pending I-829 processing, as long as all other requirements of the EB-5 were met at the time of submitting the I-829.
Bernard P Wolfsdorf
Find the Best EB5 Visa LawyersIf the regional center was terminated but the jobs created, you might still be eligible for approval.
A Olusanjo Omoniyi
Find the Best EB5 Visa LawyersUnfortunately, with the regional center going out of business, it will be impossible to transfer to another project. This is not the only bad news, the pending I-829 may be terminated if the reason for the termination of the regional center is as a result of fraud and the investment fund may not be recoverable or lost particularly if the fund had been invested or used by the regional center in question. Alternatively, if you can get part, if not all your investment back, you should seriously consider the option. Advisably, consult an attorney to seek various alternatives that may save your investment as much as possible.
Lynne Feldman
Find the Best EB5 Visa LawyersThere is an option to redeploy funds but you will have to pay the difference to the new amounts being required.
Phuong Le
Find the Best EB5 Visa LawyersTheoretically, if you have already filed your I-829, you may be in the clear. You already established eligibility at the time of filing.
Belma Demirovic Chinchoy
Find the Best EB5 Visa LawyersConnect with your I-526 filing attorney immediately or seek a new attorney if the initial attorney is conflicted out.
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