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.
The I-924A is used to supplement the I-924 and validate a Regional Center’s continued eligibility for participation in the pilot program. Click here for the form and instructions.
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.
What is EB-5? Find out more by downloading our EB-5 Solution kit.
Allow us to address your business needs by contacting us, or comment on this post below. We look forward to hearing from you!