A recent article on boston.com alluded to controversy surrounding the EB-5 Regional Center Program. However, when it works, it is hard to argue with a system that offers permanent residence to foreign nationals, and their immediate dependents, if they invest in the US and create or preserve at least ten jobs for American Citizens or permanent residents.
In sum, the EB-5 program through a Regional Center allows a foreign-national to invest as little as $500,000 USD plus legal, administrative and filing fees in a Regional Center and in return get green cards for him or herself and immediate family members. The funds are at risk and the Regional Center must create the jobs and meet its other obligations. Therefore, it is imperative that investors take great care in selecting both a regional center and an attorney to handle their cases.
Nothing contained herein should be considered legal advice. Please consult a qualified immigration attorney to discuss your particular matter.