What is a Regional center in the EB5 Pilot Program?. What is a Regional center in the EB5 Pilot Program?. EB5 Visa program.
The U.S. Citizenship and Immigration Service (USCIS) defines a Regional Center as “any economic entity, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment”. In other terms, it’s an organization designated by the USCIS as eligible to receive capital from immigrant investors, taking advantage of direct and indirect job creation. Congress created the “Immigrant Investor Pilot Program” or “Pilot Program” in 1992, to encourage immigration through the EB5 visa program. The Pilot Program provides for investments, affiliated with Regional Centers, by indirect employment creation. Foreign investment into the Pilot Program must be made prior to the submission of the EB5 application. This is a necessary requirement in order to obtain the approval of the form I-526.