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What bank account information must EB-5 investors disclose?

If you are applying for an EB-5 visa for America, are you required to disclose to your bank account or not? What other documents are investors required to disclose if they are applying for the EB-5 program?

Answers

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    Answered on

    Many personal financial documents are necessary to authenticate the source of funds. Attorneys work with investors to determine their sources and the best documentation to provide to USCIS.

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    Answered on

    You are required to demonstrate a lawful source of funds when filing an individual I-526 Petition. Documents will be case specific. Please consult an experienced EB-5 immigration attorney to advise you and prepare your case.

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    Answered on

    You must only disclose a source of funds. You do not necessarily have to disclose your bank account information unless it is necessary to show your lawful source of funds or the transfer of your funds to the United States. The amount of documents the investor must disclose will depend upon the nature of the source of funds.

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    Answered on

    At times, that information is necessary to show the lawful source of funds of an investor. It is advisable that an investor includes the bank account statement of the account they plan to use to make their investment. Typically, an investor should show how he/she accumulates the investment funds. While there is no specific rule governing the disclosure, it is highly advisable to show the path of funds and efforts should be made to put together a comprehensive list showing that path. Just to name a few ways of showing your source of funds, you could show bank statements, receipts of sales, proof of a lottery winning. Finally, there may be further questions on the nature of the bank(s) you intend to use based on both national and international banking laws. Advisably, consult an EB-5 attorney on this process.

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    Answered on

    It depends on how you finance your investment. The new form being released after June will require disclosure of all assets but, presently, the application does not require you to disclose all bank accounts, merely proof that you lawfully sourced the actual investment.

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    Answered on

    You must show in great detail the legal source of the funds you are investing, which usually involves bank accounts, tax returns, proof of the sale of any property, gifts from family, etc.

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    The financial information required is generally going to be documentation which establishes the lawful source of your investment funds. You do not need to disclose account information unless it relates to your source of investment funds. The exception may be if you are applying in the United States; then you may need to demonstrate you are an accredited investor. Your EB-5 broker-dealer and investment immigration attorney should be able to help determine what documents are going to be necessary.

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    Answered on

    One of the required elements of EB-5 Immigrant Investor Program processing is the immigrant investor shows evidence of the lawful source of funds. In order to do so, the immigrant investor provides copies of the bank account statements to show money deposited by either salary, sale of business/property, gifted funds, etc., in addition to tax returns, gift document, sales deeds, etc. Bank statements are not required if you can show the lawful source of funds by other means.

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    Answered on

    Investors need to prove their legal source of the funds used in their EB-5 investment. Depending on where your funds initially came from, you may need to provide the bank statements related to the investment.

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    Answered on

    You must show the source of any funds you are investing.

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