EB5 Investors Magazine Volume 5, Issue 2 - Page 15

the business.” Doing so can be tricky, though, especially given the sheer size of the Latin American market. “They’re coming from the south in Argentina to all the way up north in Mexico,” Azpúrua says. “That’s a very large territory to cover.” Each country has its own regulatory regime, too, which can make it difficult for EB-5 professionals to document the origin of investors’ funds, comply with local tax codes, and navigate varying currency-exchange rules. “Each country is a different challenge,” Azpúrua says. FOCUSING ON LATIN AMERICANS LIVING IN THE STATES Such concerns are leading some EB-5 developers to focus on pitching their projects to Latin Americans already living in the US