In a regional center EB-5 investment, an investor puts their money into a pre-prepared investment structure, which is usually established by a regional center or developer who has created a new commercial enterprise that is ready to accept investors. This enterprise typically makes a loan or equity investment in a job-creating entity, which is intended to stimulate economic growth.
One of the costs that an investor will need to consider when investing in a regional center EB-5 project is the administrative fee. Like an off-the-shelf direct EB-5 investment, a regional center EB-5 investment is pre-structured and therefore requires an administrative fee. However, the structuring costs for regional center investments are typically higher than those for off-the-shelf direct EB-5 investments due to their greater complexity. The administrative fees for regional center EB-5 investments can range from around $20,000 to $90,000, depending on the specifics of the investment.
Another cost to consider is the legal fees associated with the investment. As with an off-the-shelf direct EB-5 investment, the immigration attorney for a regional center EB-5 investment has less work to do to ensure that the investment structure is EB-5 compliant compared to a direct EB-5 investment. The focus of the attorney’s work is typically on ensuring that the investor’s source of funds is compliant with immigration laws. As a result, the legal fees for the I-526 petition are generally less for a regional center EB-5 investment than for a direct EB-5 investment.
In addition to these costs, investors in a regional center EB-5 project must also pay government fees as part of the immigration process. The fees associated with each step of the process can vary and are subject to change by the U.S. government at any time.
The first step in the EB-5 process is filing an I-526 petition, which costs $3,675 for the investor and any dependents. The second step is obtaining a conditional green card after approval of the I-526 petition, which requires an adjustment of status or immigrant visa processing fee of $345 per person. If the investor is outside the U.S., they must process through the National Visa Center and an embassy or consulate abroad. After receiving the immigrant visa, the investor can enter the U.S. and USCIS will produce and mail their green cards to their U.S. address for a fee of $220.
If the investor is already in the U.S. in a certain status when the visa number becomes available, they will need to file an I-485 application to adjust their status in the U.S. The filing fee for an I-485 is likely to be $1,140 for the investor, not including the required $85 biometrics fee. However, these fees may be reduced for children under 14 and applicants over 79.
Finally, to remove the conditions on their residence, investors must file an I-829 petition, which costs $3,750 and applies to the investor and all dependents who file with the investor. If a dependent enters the U.S. or adjusts status later than the investor, they may need to file their own I-829 petition and pay another filing fee.