Direct EB-5 Due Diligence: Buyer Beware (and Immigration Attorneys Be Cautious)
There has been a lot of recent interest from prospective immigrant investors in direct EB-5, including “pooled direct” investments. This is partially because the more popular EB-5 Regional Center program is waiting for reauthorization, and the (likely temporary) minimum investment requirement presently at $500,000 for job creation in a Targeted Employment Area (“TEA”). As a result, the AILA EB-5 Committee would like to share their thoughts on specific issues related to the representation of direct EB-5 clients, as a high percentage of direct EB-5 cases appear to run into difficulties.
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