EB-5 Regional Centers should remember to submit their I-924A annual compliance filings and supporting documentation on or before December 29, 2014. All designated Regional Centers are required to file the form to report their activities from the preceding fiscal year within 90 days after the end of the fiscal year (on or before December 29 of the calendar year in which the fiscal year ended). If the Regional Center has been inactive during the year, they must still submit the form with an explanation as to why they have been inactive.
Failure to file the I-924A in a timely manner will result in the United States Citizenship and Immigration Services issuing a notice of intent to terminate the approval and designation of the Regional Center. If left uncorrected, such a termination could spell disaster for the investors in those projects.
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