Whatcom Opportunities Regional Center (WORC)

Frequently Asked Questions

Q: What is Conditional Permanent Residence (CPR)?

A: Conditional Permanent Residence (CPR) is valid for two years. As a CPR individuals have all rights of US citizens (ie: employment and legal rights) with the exception of voting in general elections. One year and nine months after the CPR is issued, a three-month window opens up during which an individual must file another application (Form I-829) with the CIS to verify that all of the funds have been invested. Approval of the I-829 results in final issuance of the Alien resident card commonly known as the ‘Green Card.’

Q: Can money gifted by a parent or other relative be used for an EB-5 investment?

A: Yes, however a bona fide gift from a family member should be properly documented and any applicable taxes must be paid.

Q: What if I don’t get U.S. legal permanent residence status?

A: New WORC promises to pay you back the following amounts in the event you and your dependents don’t get your green cards*:

Amount	Why	When
$525,000	I-526 Alien Entrepreneur Petition denied	Immediately from Escrow
Your capital account (as adjusted by undistributed profit/loss)	Immigrant Visa denied at consulate and the denial cannot be overcome within 12 months	18 months after the 12 month appeal period
Your capital account (as adjusted by undistributed profit/loss)	Immigrant Visa issued but you are denied admission to U.S. and such denial cannot be overcome with 12 months	18 months after the 12 month appeal period
Your capital account (as adjusted by undistributed profit/loss)	Adjustment of Status to Legal Permanent Resident denied and such denial cannot be overcome within 12 months	18 months after the 12 months appeal period
Your capital account (as adjusted by undistributed profit/loss)	I-829 Petition by Entrepreneur to Remove Conditions is denied and such denial cannot be overcome within 12 moths	18 months after the 12 month appeal period

* PROVIDED THAT none of the denials set out in this provision are caused by the Immigrant Investor being found inadmissible or deportable pursuant to any of the grounds set out at sections 212 and 237 of the Immigration and Naturalization Act.

This is not a solicitation of investment. Before considering making an investment interested parties should review with the advisors of his/her choice the specific terms of investment contained in the New WORC Development and Management LLC, Operating Agreement and other project documentation.

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