Form I-924 is occupied mainly by the United State businesses who seek to become EB-5 regional centers with the support of experienced immigration attorneys and other professional experts.
The business visa that is EB-5 visa require to file form I-924 with the United States Citizenship and Immigration Services (USCIS). Form I-924 should be approved by the USCIS to be designated as a regional center for a business entity, enabling it to start receiving capital from foreign nationals for EB-5 projects.
In addition to serving as an application for a business to become designated as an EB-5 regional center, Form I-924 can be used to amend a regional center’s designation that involve modifications to the regional center’s organization structure or geographical scope.
Purpose of Form I-924 According to USCIS:
There are several reasons to fill the application form I-924. Also, the form requires to process EB-5 visa.
- Under the immigrant investor pilot program, regional centers can use this form to apply to the U.S. Citizenship and Immigration Service to request designation.
- This form may also be used to request approval of a modification to a previously designated regional centers. These amendments may include: geographical area, administration or organizational structure, affiliated commercial enterprise investment opportunities, business plans, or offering memoranda
- The form I-924 regional centers could also seek project pre-approval
Role of I-924 EB-5 Lawyer:
Hiring an I-924 EB-5 lawyer is important, as the process is pretty complex that require the assistance of an experienced EB-5 lawyer. The lawyer charges different fees and offer different services.
An I-924 EB-5 lawyer requires to complete your documentation that consist of your business proposal, while immigration lawyers are not licenses financial advisor, we believe that is fully impossible for a lawyer to fully impossible for a lawyer to competently file an EB-5 application without a very solid knowledge and understanding of the business plan.
Usually, I-924 EB-5 lawyer charges more than the other lawyer comparatively. The process results in very substantial variations in terms of the time spend on each project. In addition, some attorney may be accepting part of their payment from the regional center.
End Result:
In today’s time, when the competition is so tough in every field, an individual is required to work four times harder. Obtaining an EB-5 business visa requires looking after all the important points. One should hire an attorney who has quality experience in taking you through the visa process and help you qualify every process required to qualify for the visa.
