What happens if not enough jobs for multi-investor EB-5 project?

Asked about 1 year ago - Philadelphia, PA

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As I understand the EB-5 program, a key requirement is that investment of an investor must create at least 10 full time jobs.

What happens, though, if a project needs multiple investors, and not enough jobs are created? For example, a 7 investor project creates only 69 jobs, or a 12 investor project creates only 119 jobs, or a 15 investor project creates only 149 jobs.

Do ALL of the investors fail to get green cards? Or do some get it and others don't? In the latter case, how do they decide who gets and who doesn't? Thanks.

Attorney answers (3)

  1. Contributor Level 20

    1

    Lawyer agrees

    Answered March 05, 2012 08:04. This does not happen when using a regional center. If you need some assistance feel free to email to discuss.

  2. Contributor Level 20

    Answered March 05, 2012 10:00. You really need to retain an experienced immigration lawyer to review all the facts and advise you accordingly.

    J Charles Ferrari Eng & Nishimura 213.622.2255 The statement above is general in nature and does not... more
  3. Contributor Level 15

    Answered March 07, 2012 06:22. You should consult a securities attorney who has worked on EB-5 matters to more fully discuss. Your question is intensely fact-specific and cannot be answered generally.

    The foregoing is not legal advice nor is it in any manner whatsoever meant to create or impute an attorney/client... more

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