Consider The Drawbacks Of Using A Regional Center With An Investment Based Green Card

If you are relying on using an investment based green card

, often called an eb5 visa, to get to the United States, you should research as much as possible first. One of the major options is a regional center, which many people choose based on its obvious advantage of being rather hands-off for the investor. However, some may see that very detail as a drawback, and there could be a few disadvantages for you, as well. Your view of this choice simply depends on your preferences.

Most centers do not require you to be there everyday. In fact, many do not require you live anywhere near the project that you invest in. While many immigrants consider this a good thing, there are some who may be disappointed in this aspect. A lot of people like to have some control of what their money does. If you were to take the direct route with your investment based green card, you would be the one making decisions. You would create the business plan, hire the employees, and decide what your business does. If that sounds exciting to you, a regional center would likely not make you happy.

Along the same lines, many look at the direct eb5 visa route as quite risky. It is, especially if you have little business knowledge. Many people do not realize just how much work it takes to keep a business running, so theirs fails. On the other hand, many regional centers are successful precisely because the people running them have years of experience profitably presiding over a company. Thus, they typically make their investors money. Some immigrants see this success and wish they could take full credit for it, and if they had gone the direct rout, they could. So if you want to be in charge and do not want to feel like you missed your calling as a business owner in charge of daily operations, you might feel cheated by the regional center pathway.

Additionally, most immigrants find that not having to hire at least ten employees themselves is a bonus, which is why they choose a regional center to do it for them. However, some investors want ensure that only the best employees are working on the project that their money has funded. If you want to have a hand in picking employees, a regional center might not be best for you. In some cases, you can talk to project managers and let them know you would like to be more involved than the usual regional center investor, but it is up to them to allow you to help select employees and take on additional responsibilities.

Overall, if you want a project that simply uses your investment and allows you to be hands-off, a regional center will likely be good for you. However, if you are the type to want to control what your money funds and who works with it, you might be disappointed with the experience of a regional center. If you would prefer to do it all yourself, and reap any benefits, you should consider routes other than the one involving a regional center.

by: Lisa Goldberg

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