CanAm Enterprises: A Commitment to USCIS Compliance and Best-in-Class Practices
The EB-5 Reform and Integrity Act of 2022 (“RIA”) introduced significant changes to the EB-5 program, including new compliance requirements for regional centers. One key requirement is the Integrity Fund, designed to provide USCIS with additional resources to conduct investigations, monitor program-related events, ensure compliance, detect fraud, and conduct audits and site visits.
The Integrity Fund and Compliance
The Integrity Fund is financed by annual fees due October 1st of each fiscal year. Failure to pay the fee within 90 days results in the termination of the USCIS designation for non-compliant regional centers. Following the program’s reauthorization, USCIS provided guidance on the payment of these fees, extending the deadline for the 2023 fiscal year to May 31, 2023, while the 2024 fee was due on its normal date of October 1, 2023.
Despite clear guidance, many regional centers failed to comply with the RIA and did not pay their Integrity Fees for fiscal years 2023 and 2024. USCIS has started to issue Notices of Intent to Terminate (NOITs), to regional centers, which could significantly impact the immigration pursuits of their investors.
CanAm Enterprises’ Commitment to USCIS Compliance
Throughout our more than 20 years in EB-5, CanAm Enterprises has always had an unwavering commitment to compliance and best-in-class practices. CanAm has paid all required Integrity Fund fees for both fiscal years 2023 and 2024, ensuring that all its active regional centers remain in good standing.
CanAm Enterprises’ proactive approach extends beyond compliance with USCIS requirements. The company conducts independent annual audits of its EB-5 track record by the internationally recognized accounting firm PKF. This commitment to transparency and accountability reassures investors of CanAm’s dedication to maintaining the highest standards in the industry. You can download our audited track record as of December 31, 2023 here.
Ensuring Investor Confidence
Proper due diligence is crucial for aspiring EB-5 investors. Part of this process includes evaluating a regional center’s compliance history, leadership, and track record. Investors should confirm that regional centers have paid all required fees, filed the necessary reports, and are not facing NOITs from USCIS.
Conclusion
CanAm Enterprises exemplifies commitment to compliance and best-in-class practices in the EB-5 industry. CanAm provides a secure and reliable path for investors seeking U.S. Green Cards. This proactive and transparent approach ensures that CanAm Enterprises remains a trusted leader in the EB-5 program, dedicated to protecting investor interests and navigating the evolving regulatory landscape with diligence and integrity.
