This is the final article of our four-part series on the EB-5 green card program. Part 1 was featured in ILG’s October 2011 Newsletter, part 2 appeared in the January 2012 Newsletter and part 3 appeared in the April 2012 Newsletter .
The EB-5 program has come a long way since its inception in 1990. It has become a popular and attractive way for foreign investors to obtain permanent residency (green card) for themselves and their entire family (children under 21 years of age). Recently released statistics from USCIS confirms a favorable trend of U.S. immigration policy in promoting and approving EB-5 cases, from a mere 332 cases with an approval rate of 62% in 2005 to 3,805 cases with 96% approval rate in 2011 and 2,771 cases by the second quarter of 2012 with the same 96% approval rate.
There are currently over 220 regional centers, with or without track records, competing for investment funds, it is important for investors to select and invest with the right regional center to protect their investment capital and to obtain unconditional permanent residency.
Given the number of regional centers available, it is impossible to have a general understanding of all of them. Investors are overwhelmed with choices, and have to narrow the field to a more manageable number. We suggest that investors concentrate on those regional centers that have received I-829 approvals (unconditional permanent resident status) such as CMB Regional Centers, investments in redevelopment and rebuilding of former military bases and American Life, investments in redevelopment area real estate. These two regional centers are only a select few that have achieved I-829 approvals for their investors and 100% success rate in I-526 approvals.
ILG can help investors evaluating and selecting the appropriate regional centers and investment projects with the ultimate goal of achieving permanent resident status and safe return of their investments.