[Q] Does EB-5 law require that the principal applicant and/or family members reside in the geographic area of the project?
[Q] Does EB-5 law require that the investor and/or family members live close to where the EB-5 project is located?
The answer depends on whether the investor has participated in a Regional Center project or Direct Individual EB-5 case. Although there is no specific legal provision on point, it is understood that for Regional Center project, an investor (who acts as a limited partner in a Limited Partnership) or his family members do not need to live in the same area of the Regional Center EB-5 project. But in the latter case, where the investor is taking part in the day-to-day management of the business, the investor will probably have to live in the same geographic area.