SDRC Model
A Regional Center is defined as a private corporation or enterprise, or even a regional government agency which has a targeted investment program within a defined location or region.
A Regional Center’s main interests lie in the promotion of economic growth, improvement of regional productivity, increase in domestic capital investment, as well as the creation of jobs. Because of this, the Regional Center Investment Program does not necessarily require the commercial enterprises of foreign investors to directly employ 10 full-time U.S. workers. Rather, for as long as these foreign investors are able to generate 10 or more jobs directly or indirectly, and also meet the requirements set by the EB-5 Visa Program, then they are allowed to invest their money and establish businesses in U.S. soil.
In order to obtain its designation, a Regional Center must submit a detailed application to the United States Citizenship and Immigration Services (USCIS). Items stated in the said application must include:
- The types of businesses that will receive its capital from the investors
- The types and numbers of jobs that will be generated either directly or indirectly from the investment of the capital
- Any other positive economic impacts that come as a result from the investment of the capital.
As the general partner in your EB-5 visa application, SDRC's role is to oversee each limited partnership’s daily management.
Our duties, which are included in our offering materials, include the following:
- To supervise SDRC's performance of its obligations under the Advisory Agreements
- To recommend qualifying investments to limited partners
- To update the limited partners with semi-annual investment reports
- To call meetings with limited partners as per requirement
- To maintain books and records of the limited partnership
- The retention of lawyers, auditors and other professionals as may be necessary on behalf of the limited partnership
- To monitor the target business, ensuring its continued qualification under the program
- To monitor the qualifying investments as well as the financial performance of the target business
- To determine that the proposed qualifying investment meets the minimum qualification for investment and job creation for the program
In accordance with an Advisory Agreement to be entered into by the SDRC on behalf of each limited partnership, we shall be compelled give certain additional advisory and administrative services.
These services are as follows:
- To identify proposed investments for qualification
- To complete diligent investigations for proposed investments for qualification
- To provide reporting and accounting services for all qualifying investments made
- To monitor the investments for qualification in terms of jobs generated, as well as monitoring of compliance for all other requirements under the Program Assist qualifying businesses in order to secure future financing