By the way, why there is so strict laws for US residents in USA? Maybe, US investors would be more interested if your project's registration was in another county?
HI Lora, the laws have been that way for awhile. They said it is to protect the Investor. But being limited in the US to just Accredited Investors is very limiting. Here is the definition of an accredited investor in the US.
To be an accredited investor, a person must have an annual income exceeding $200,000, or $300,000 for joint income. A person is also considered an accredited investor if he has a net worth exceeding $1 million, either individually or jointly with his spouse. An entity is an accredited investor if it is a private business development company or an organization with assets exceeding $5 million.The Reg D only allows for 34 unaccredited investors. A regulations S for International investors does not have those high restrictions which is why I am trying to raise this money via International Investors.
Do I understand right, that only 34 investors who are not residents of US can invest in the project under US registration?