Form I-924 (Application for Regional Center Designation Under the Immigrant Investor Program)
Form I-924 (Application for Regional Center Designation Under the Immigrant Investor Program)
Filed by organizations seeking to be designated as regional centers under the EB-5 Immigrant Investor Program.
Key Points:
- Eligibility: For entities that propose to promote economic growth through investment and job creation in a specific geographic area.
- Purpose: To obtain designation as a regional center, which allows the center to pool investments from multiple EB-5 investors.
- Process: Must provide a comprehensive business plan, economic impact analysis, and details on how the center will meet job creation requirements.
- Supporting Documents: Includes organizational structure, financial projections, and evidence of the ability to manage investments effectively.
Conclusion:
Form I-924 is crucial for organizations aiming to facilitate EB-5 investments by securing regional center designation, enabling them to attract and manage foreign investment for economic development.