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NORTH VANCOUVER (DISTRICT) · EB-5 FIELD GUIDE

How long should due diligence on a project take?

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THE DIRECT ANSWER

Long enough to read the documents, obtain independent advice, and get written answers to the questions those documents raise. A closing deadline set by a promoter is a commercial device, not an immigration requirement. Because petition adjudication, visa availability, and later stages carry no fixed dates, hurrying the one stage an investor fully controls rarely improves the outcome.

Decide your own deadline first

Before the next meeting, write the date by which you intend to have independent advice in hand, and treat it as the governing schedule. If the promoter's allocation closes earlier, ask what the actual consequence is and whether comparable projects exist. Pressure to sign before counsel has read the subscription agreement is worth noting in the log.

A missed allocation is recoverable; capital placed without review is considerably harder to unwind. Write the date by which independent advice will be in hand before the next meeting, and treat that as the governing schedule rather than the promoter's. A closing deadline set by a promoter is a commercial device, not an immigration requirement, and hurrying the one stage an investor fully controls rarely improves anything, since petition adjudication, visa availability, and later stages carry no fixed dates.

If an allocation closes earlier, ask what the actual consequence is and whether comparable projects exist. Note in the log any pressure to sign before counsel has read the subscription agreement. A missed allocation is recoverable; capital placed without review is harder to unwind.