I-924 Initial Application

This application is made at a local center through the Immigrant Investor Pilot Program. Form I-924, Used to apply for Local Center Designation through the existing Immigrant Investor Program, applicants use this to nominate a business as a USCIS-authorized local center for them to receive finance from EB-5 petitioners.

Regional center applicants must include or demonstrate four criteria:

  • They must have a definitive geographical zone and describe how the local center will benefit economic growth in the area;
  • provide proof of how the center will create, either direct or indirect employment, using economic patterning or other tools;
  • provide statements to indicate the extent and origin of the capital invested in the local center;
  • and use detailed projections indicating, in totality, how the establishment of the local center will specifically impact the local economic and employment numbers, notwithstanding its impact on the nation as a whole.
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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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