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What is the best way to verify funds for a direct EB-5 investment?

I am directly investing in an EB-5 project and not going through a regional center. What evidence should I provide to verify my funds? I have a land ownership record, a real estate contract with signed affidavit from a licensed broker, and proof of the money transfer. Would this documentation suffice?

Answers

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    The best way to verify your investment is to retain EB-5 immigration attorneys to assist you with the required and recommended information and documentation, which will be determined based on careful review of your anticipated investment funds and paths of funds.

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    BoBi Ahn

    Immigration Attorney
    Answered on

    To show a legal source of funds, you need to be able to trace your investment capital to a legitimate source. So, in your case, if you obtained your investment capital by selling your property, you need to document that sale with sales agreement, bank statements showing money transfers, etc.

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    Charles Foster

    Immigration Attorney
    Answered on

    The type of documentation you list would be what is required to show a lawful source of funds; documents that show you purchased a piece of property at "x" price and sold it at "y" price and that the differential made up your lawful source of funds.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    I would need to review the details. Lots of documents are required, including five years of tax returns, bank transfer information from the buyer, and the account information of the legal entity owning your project.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    You are not adequately describing the source of funds. Where did you get the money to buy the land? Please consider hiring a competent lawyer or source of funds specialist before continuing the application process.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    It is strongly recommended to consult an experienced EB-5 immigration attorney to review your documentation showing your source of funds to ensure you have an approvable I-526 petition. In addition to proving lawful source of funds, you must also demonstrate the lawful path of funds from you as an EB-5 investor to the new commercial enterprise. In your case, you would also need to show how you originally acquired the land and what source of funds you used to acquire it. You should also compile a complete tracking of funds from the buyer to you (the investor) and finally to the new commercial enterprise.

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    Peter Zhang

    Immigration Attorney
    Answered on

    That will not be sufficient. In terms of the property record, are you saying you will be using funds from the sale of the property as the source of the investment? If so, then you would need to document the source of the funds for the purchase of the property.

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    Stephen Berman

    Immigration Attorney
    Answered on

    If you can show that the money you transferred came from selling the land, then that evidence should suffice.

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