S. 1501 has already proposed 2 important changes to the EB-5 visa program, which include an increased investment amount, restricting loans to bank loans only and restrictions on TEA locations going forth.
However, there may be a few more amendments coming forward to S. 1501, and they are:
- Requirement that Regional centers comply with securities laws in the US AND abroad, as regional centers usually market and sell their securities abroad.
- Requirement of authenticated documents such as tax returns, bank records, loan agreements etc. to prove lawful source of funds.
- Restrictions on the current practice of regional centers hiring employees for only a few days and then firing them after the "evidence" of job creation is sent to the USCIS.
- Restricting TEA definitions to single census tracts for future EB-5 visa investments in even those regional centers where TEA definitions have been gerrymandered.
- Potential elimination of 'indirect job' counting.
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