Tips to Make your EB-5 Application Process Smoother
Since the creation of the EB-5 Immigrant Investor Program, tens of thousands of investors from various countries have invested billions in the US. In the process, they have created numerous jobs for Americans.
If you have been looking to apply for an EB-5 funding, there are ways to make the process smooth. Here are some simple tips to guide you.
Hire a reputable attorney
An experienced EB-5 immigration attorney or lawyer can give you the information you need and make the entire process remarkably easy for you. There is a lot of paperwork involved, and you need someone with the expertise and experience to guide you along the way. Look for a legal expert who is easy and convenient to work with.
Use a regional center
To qualify for EB-5 funding, you will need to have at least $1 million in capital. Raising this amount of money may not be easy, but you can go for another alternative, which is cheaper and easier.
If you work with a good regional center, you will only need to raise $500,000 dollars in capital, and you will have a higher chance of approval.
Do your marketing homework
The competition for potential investors for EB-5 projects can be overwhelming. You will need to come up with an exceptional marketing strategy to stand out from the crowd. Do your best to demonstrate how your project is secure, relevant, and sustainable to appeal to investors and boost your chances.
Be transparent throughout the process
You want to demonstrate you are a trustworthy investor, so be honest from the beginning of the process. Be truthful about the potential risks involved in your project. Show your feasibility reports and tie up any loose ends. This will boost your chances of success in qualifying for the funding.
The EB-5 application process does not need to be difficult or time-consuming if you go about it the right way. Just take your time to find the right professional to work with, and exercise due diligence on your part to help streamline everything.