EB5 Investors Magazine | Page 16

gram ’ s original intent : promotion of economic development in U . S . communities .
The Basics 4
Form I-924A is an application and serves as a supplement to Form I-924 . Each designated regional center entity must file a Form I-924A for each federal fiscal year ( October 1 through September 30 ) after Form I-924 approval within 90 days of the end of the federal fiscal year ( on or before December 29 ).
The principal of a regional center is the applicant and this individual must sign the form . If an attorney or representative assists in preparing the application , he or she must also sign the form and attach a completed Form G-28 . The final submission must contain original signatures .
Tips and Recommendations
The form can be confusing to complete and many of the instructions are ambiguous . USCIS seems to understand the unwieldy nature of Form I-924A , as it has recently solicited comments on the current form . We may see a new version of the form in the near future , but for now , here are the best tips for the current version :
1 . Filing Form I-924A is required for every regional center , even if no I-526 or I-829 petitions were filed and zero funds were released to new commercial entities ( NCEs ) or job-creating enterprises ( JCEs ) during the fiscal year , which may be the case for newly established or inactive regional centers . Regional centers may wish to proactively provide attached documentation to the filing to demonstrate promotion activity , like evidence of licenses , permits , property purchase in support of a project , and other evidence of ongoing regional center activity .
2 . The one-size-fits-all nature of the form is not always conducive to accurately reflecting the nuances and variations across projects and regional centers . When appropriate , insert an asterisk or footnote next to the applicable section that requires an explanation , and make any clarifying notes as appropriate . Add continuation sheets if necessary .
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