Here are a few common reasons why an EB-5 Petition could be denied.
Not Investing the Required Amount or Selecting a Project That Does Not Qualify
An EB-5 investor must invest $900,000 in a targeted employment area project or $1,800,000 in a non-targeted employment area. Failing to invest the required amount may result in petition denial.
Failing to invest in a qualifying EB-5 project can also result in petition denial. Between 2016 and 2018 there were over 800 USCIS approved regional centers, but that number has since dropped dramatically. As of September 2020, there are only 685 USCIS approved regional centers, so it’s extremely important that an EB-5 investor conduct thorough due diligence into any regional center prior to making an investment.