EB5AN will prepare the required Form I-924A and supporting documentation for your regional center.
USCIS requires annual reporting on all regional center operations. USCIS reporting fiscal year ends September 30, and Form I-924A submissions are due by December 29.
Form I-924A, Annual Certification of Regional Center is a supplement to Form I-924, Application for Regional Center Designation Under the Immigrant Investor Program. While Form I-924 must be submitted to request designation as a regional center or to request amendment to a previously designated regional center, Form I-924A must be filed each year to demonstrated that a designated regional center remains eligible for this designation.
United States Citizenship and Immigration Services (USCIS) defines a regional center as any public or private economic unit that “promotes economic growth (including increased export sales, improved regional productivity, job creation and increased domestic capital investment).” To maintain its regional center designation, a regional center must file Form I-924A to show that it previously promoted economic growth and that it continues to do so.
What Information Does Form I-924A Capture?
Form I-924A consists of 11 parts. It captures basic information about the regional center entity and the managing company or agency (if this differs from the regional center entity) before moving on to detailed information about the regional center’s principals and activities.
Information required about the regional center’s operations includes data on aggregate capital investments and job creation, new commercial enterprises, job creating entities, and petitions filed by EB-5 investors. Because this type of information varies widely between centers, the form includes a section at the end (Part 11: Additional Information) that allows for the submission of details that are unsuitable for the previous parts of the form.
Who Must File Form I-924A?
The regional center’s principal must sign and file Form I-924A. Additionally, the person completing the form, whether the authorized representative of the center or someone acting on his or her behalf, and the interpreter used (if any) to read the instructions and questions contained in the form must complete the sections pertaining to them.
If an attorney or accredited representative completed the form, the person must submit Form G-28, Notice of Entry of Appearance as Attorney or Accredited Representative with Form I-924A.
When Must Form I-924A Be Filed?
Every approved regional center must file Form I-924A annually for each federal fiscal year, which runs from October 1 to September 30, within 90 days of the end of the fiscal year. In other words, the form must be filed on or before December 29 of the calendar year in which the federal fiscal year ended.
Additionally, when to file Form I-924A for the first time depends on the date of the letter of designation resulting from the I-924 application: If the letter of designation is dated on or before September 30, the regional center must file Form I-924A by December 29 of that fiscal year. However, if the letter of designation is dated on or after October 1, the regional center must file Form I-924A on or before December 29 of the following year.
USCIS may occasionally request the filing of Form I-924A during the fiscal year.
Failure to file Form I-924A—by the deadline or at all—could result in a Notice of Intent to Terminate or, ultimately, in termination of the regional center’s participation in the EB-5 program. Failure to properly complete forms, include all supporting documentation and data, and inconsistencies in the information provided could have similar results. Therefore, many applicants choose to work with experienced EB-5 consultants such as EB5AN to ensure that the filing process is completed efficiently and effectively the first time.
Form I-924A Services
EB5AN will prepare the required Form I-924A and supporting documentation for your regional center. Our service offerings are set out below.
Base I-924A Annual Reporting
- Cover letter for USCIS to Report on Regional Center Status and Activity
- Accurately completed Form I-924A
- Process management and best practice guide
Project Summaries for USCIS
- Project summaries compiled for all active regional center projects
(Project information requirements vary for projects with investors and those without investors, so please contact our team to discuss your needs.)
Updated Job Estimates & Capital Tracking
- Aggregation of all regional center activity to provide USCIS with an update on the job creation of the regional center
- Access to comprehensive Excel intake form used to gather all required information, which the EB5AN team will synthesize
Please contact us to find out how we can help you with your USCIS documentation.