Behring Regional Center continues to demonstrate its commitment to compliance and program integrity as the USCIS recently issued Notices of Intent to Terminate (NOIT) to over 100 Regional Centers. These notices were primarily due to the failure to pay the mandated annual Integrity Fees, a requirement solidified under the 2022 EB-5 Reform and Integrity Act (RIA).
Background: The 2022 EB-5 Reform and Integrity Act
The 2022 RIA brought significant changes to the EB-5 Immigrant Investor Program, introducing stricter compliance requirements for Regional Centers. Among these changes, the introduction of the annual Integrity Fee and the mandatory I-956G filings stand out as crucial elements aimed at enhancing the program’s integrity and accountability.
The Issue: Non-Compliance with Integrity Fees
Many Regional Centers, especially those inactive or without ongoing capital-raising activities, misunderstood or outright ignored the necessity to comply with these new requirements. As a result, USCIS has taken stringent action by issuing NOITs to those who failed to meet these obligations. This move underscores the agency’s commitment to upholding the program’s integrity and protecting investors from potential fraud.
Behring Regional Center: A Model of Compliance
In stark contrast, Behring Regional Center has not only embraced these new requirements but has also ensured full compliance with all aspects of the RIA. Behring has timely paid all required Integrity Fees and remains current with its I-956G filings, which replaced the older I-924A annual filing.
Key Compliance Practices of Behring:
1. Timely Payment of Integrity Fees: Ensuring all financial obligations are met promptly.
2. Up-to-Date I-956G Filings: Maintaining accurate and timely submissions to USCIS.
3. No External Sponsorship Risks: Behring does not rent its name to external sponsored projects “borrowing certification”, ensuring control and oversight of all sponsored activities.
4. No Direct Investment Pooling: Avoiding risky practices and avoiding historical exposure of pooling multiple investors’ into direct investments (now prohibited under the RIA).
5. Robust Track Record: A history of successful projects without failures or terminations that could attract future litigation.
Behring Regional Center: A Model of Compliance
For Regional Centers that have ignored these new requirements, the consequences are severe. The termination of a Regional Center can have catastrophic effects on all associated investors, especially those who have participated in projects outside the Regional Center’s control. This lack of oversight and compliance can lead to significant financial and legal repercussions.
The Solution: Trust and Compliance with Behring Regional Center
Behring’s proactive approach to compliance ensures that investors have no cause for alarm. The Regional Center’s dedication to meeting all regulatory requirements protects investors from the risks associated with non-compliance. By maintaining full control over its projects and adhering to the highest standards of integrity, Behring provides a secure and trustworthy environment for EB-5 investors.
Secure Your EB-5 Investment with Behring
Navigating the complexities of the EB-5 program requires a partner who prioritizes compliance and investor security. Behring Regional Center stands out as a beacon of reliability in the industry. If you have questions about the recent NOITs, the EB-5 program, or how Behring can help secure your investment, contact us today to speak with our experts.
For more detailed insights into Regional Center compliance and how to establish trust, read our comprehensive guide here.
For more information about the Notice of Intent to Terminate process, click here.
Contact Behring Regional Center to ensure your EB-5 investment is in safe and compliant hands.
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