As part of its commitment to transparency, the U.S. Citizenship and Immigration Services (USCIS) will proactively publish EB-5 Regional Center termination notices on their website. This is an important step in assisting investors, the EB-5 industry, and the public to understand the reasons why a regional center has been terminated and what types of regional center activities may trigger the end of a regional center’s designation.
What is the EB-5 Regional Center Program?
Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. This sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth. For a list of active and approved Regional Centers, click here.
What information is included in the Notice of Termination?
The Notice will include the statutory basis for the termination, the reasons for the termination and procedure to appeal the decision to terminate. For a full listing of the Regional Centers that have been terminated follow the Regional Center Terminations page.
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