What are the practical effects on EB-5 visa investors who invest in regional centers?
The obvious effect will be the fact that as the regional centers are anyway expiring in September, they will probably need to invest in a Direct Investment Business. Please check with your immigration attorney to get accurate advice. This retrogression only applies till September, as the new visa year and new tranche of visas is available in October. However, as we all know, regional centers are now as good as gone with not even 2% of Congress willing to be associated with the regional center renewal effort.
What are the options available to the Chinese investors?
Chinese investors need to ask their lawyers if an L1A + EB-1C visa would work for them. It is similar to the EB-5 visa, but requires a smaller investment amount and does NOT have the restrictions
Does the retrogression affect citizens of other countries?
NO. As per the State Department, it only affects Chinese citizens.
Who else does the retrogression affect?
It definitely affects regional centers as it seems quite likely that they will never get any EB-5 visa investor funds released to them ever again, as by the time the retrogression is over, regional centers will already be out of the EB-5 visa program.
Here are some of the critical reasons that EB-5 visa investors should ALWAYS choose Genuine Direct Investment Businesses and avoid regional centers:
Genuine Direct Investment Businesses offer easy exit strategies to EB-5 visa investors while those who invest in regional centers experience TERRIBLE exit strategies.
Mohammed Shaikh, MBA (Accounting), CFE, Licensed Business & RE Broker (CA & FL)
Online: http://www.smartbusinessbroker.com Phone: +1 407 535 0616