Today for EB-5 investors, the importance of a regional center in your operational plan is key for your investment. According to Form I-924 instructions for regional center designation, an application must include a business plan for how the principals of the regional center anticipate they will manage and operate the regional center once approved. In recent years, USCIS has begun to scrutinize this business plan — also called an “operational plan” — more closely, and instances of RFEs (requests for further evidence) at this stage have been on the rise.

In this month’s featured article, Tom Martin, vice president at public accounting and consulting firm Baker Tilly, describes the components of a solid operational plan and explains their importance in regional center approval. He also argues that established regional centers should periodically review and update their operational plans as a precaution against USCIS audit. USCIS provides a list that outlines a few of the key expectations of what should be contained in this operational plan. From a description of how EB-5 investors will be recruited to any and all fees about regional centers, you do not want to miss these crucial insights.

Read the article: “The Importance of a Regional Center Operational Plan”

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