EB5 Investors Magazine Volume 2 Issue 2 | Page 61

The EB-5 Regional Center Pilot program should be made permanent or be extended for another five years. However, with approximately 500 regional centers that were designated but the majority of them not active, investors are at a loss in distinguishing legitimate ones from bad ones. This, coupled with immigration brokers Jinhee Wilde from overseas aggressively marketing RC projects that pay the highest finder’s fee, has left the EB-5 program exposed to fraud that could derail the whole program. Thus, I think USCIS should only approve regional centers with real, shovel ready projects. Also, if a regional center has not completed any successful EB-5 project in 3-5 years since inception/designation, then the RC designation should be automatically terminated. This way USCIS could stop wasting time reviewing and designating so many regional centers and redirect their limited resources to adjudicating I-526 applications in more timely fashion. -Jinhee Wilde, Wilde & Associates The most important reform in the EB-5 program is also likely the easiest to change. Allow for a guarantee of the investment return for regional centers. That change is simple, easy, and impactful for individual investors. -Charles Kuck, Kuck Immigration Partners Charles Kuck What reform would I like to see in the EB-5 program? That is easy…permanent program. -Peter Joseph, IIUSA ★ Advertisement FINAL With Bleed copy.pdf 1 05-Feb-14 1:57:05 AM Peter Joseph C M Y CM MY CY CMY K w w w. E B 5 I n v e s to r s . c o m 59