Every EB-5 investor is looking for a safe project to invest in. Very often we are asked if there are Regional Centers that already have I-829 approved. It is not surprising why investors pay so much attention to this fact since the approval of their I-829 application will eventually grant them the permanent green card and if this application is denied, not only will they not receive their permanent green card but they will not receive their permanent green card. investment of US $ 500,000.
Several EB-5 Regional Centers, when marketing their projects, state that they already have I-829 approvals, or have a 100% success rate of I-526 approvals, or hundreds of EB-5 visa applications submitted through their projects have already been approved. . However, no actual statistics have been compiled. According to some sources, there are currently only half a dozen that have approved I-829, which is far less than the amount they claim to have achieved this goal.
Furthermore, even if we consider those statements to be true, they should not be the primary consideration for the EB-5 investor seeking to have their EB-5 visa application approved.
It is certainly good to know that the Regional Center has met the EB-5 visa requirements and has already approved a series of I-829s. That means it has been operating for over three years and has shown job creation in the past.
However, the EB-5 investor should not base his decision strictly on the past achievements of an EB-5 Regional Center. There are many other vital due diligence issues to consider.
First, it is important for the investor to understand that the EB-5 Regional Center and the EB-5 Project are two separate entities. Therefore, the success of one EB-5 project related to a specific Regional Center may not represent the same success for the other EB-5 Projects, so future EB-5 projects are not guaranteed to be as successful.
It is more important to focus on the present and future plans of the EB-5 Regional Center and the different projects that are being promoted. For example, in order for an EB-5 conditional green card to be approved and the conditions removed after 2 years, the investor must analyze the Project documentation and see if it is capable of creating the number of jobs required in accordance with the requirements for the EB-5 Visa before making a final investment decision.
