EB-5 Regional Center I-924A Filing Deadline is December 29, 2014

All EB-5 regional centers with a designation letter dated on or before September 30, 2014 must file Form I-924A and I-924 Supplement by December 29, 2014. The purpose of Form I-924A is to satisfy the reporting requirement under 8 CFR 204.6(m)(6). The premise of 8 CFR 204.6(m)(6) is that a regional center must continue to promote economic growth, improved regional productivity, job creation or increased domestic capital investment in the approved geographic area. The form contains detailed information on alien capital investments made, aggregate number of direct and indirect jobs created, and the aggregate number of jobs maintained through capital investments into troubled businesses, among other required disclosures. It also requires disclosure of the number of alien entrepreneurs and conditional residents approved, denied or revoked through the regional center. Failure to file Form I-924A by December 30 will result in a notice of intent to terminate participation in the EB-5 Immigrant Investor Program. If a regional center has been terminated from the EB-5 program, it may not solicit, generate or promote investors or investments for any other EB-5 related project, or otherwise participate in the Immigrant Investor Program.


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