What is the required deposit schedule of the EB-5 investment capital? - EB5Investors.com

What is the required deposit schedule of the EB-5 investment capital?

I am planning to invest in an EB-5 regional center project. I understand that I need to have the required amount ready and deposit to the escrow account before I can file the I-526 application. I am wondering how to schedule my deposits if I am not able to deposit all of them all at once?

Answers

Julia Roussinova

Julia Roussinova

Immigration Attorneys
Answered on

You may make multiple transfers to the escrow account but you will not be subscribed as limited partner until you are fully invested generally. You will need to discuss this with your regional center project. You should ensure that you document all transfers. Your immigration attorney should be able to assist you with that.

Jimena G Cabrera

Jimena G Cabrera

Immigration Attorneys
Answered on

That is something you can work with the regional center. There is no regulation on that regard. However, the full amount of the investment should be deposited into the escrow account before you file the form I-526 Immigrant Petition by Alien Entrepreneur.

Ed Beshara

Ed Beshara

Immigration Attorneys
Answered on

The EB-5 Immigration attorney, EB-5 Regional Center, and the escrow agent can coordinate the transfer and deposit of your personal funds into the escrow account.

Daniel A Zeft

Daniel A Zeft

Immigration Attorneys
Answered on

The EB-5 investment should be made before filing the I-526 petition. However, there is no additional requirement of the timing of multiple deposits in the escrow account of the EB-5 project.

Lynne Feldman

Lynne Feldman

Immigration Attorneys
Answered on

All monies need to be invested in the project prior to filing the I-526.

Charles Foster

Charles Foster

Immigration Attorneys
Answered on

How you schedule the deposit would be up to you. You could take as little or as much time as you wish, but it is not until you accumulate the minimum investment amount that you will be eligible to file the EB-5 Investor Petition on Form I-526. Furthermore, unfortunately it is very likely that in the very near future the minimum $500,000 investment amount will be approximately doubled to either $925,000 or $1,250,000 depending upon whether or not the project is located in a Targeted Economic Area (TEA). This legislation could pass within the next several months if not sooner. m

A Olusanjo Omoniyi

A Olusanjo Omoniyi

Immigration Attorneys
Answered on

The regional center you are working with should be in a better position to work with you on how the deposit should be done. Also, if the deposit will involve international transfers, consult the financial institution you plan to use on how to comply with foreign exchange transfer laws of your country. For instance, some countries have strict regulation on how much can be sent out of the country for each transaction or per month or even for an entire year. All these factors from the regional center agreement to banking regulation of your country are likely to affect how you schedule your deposits and whether you can even deposit at once or incrementally.

BoBi Ahn

BoBi Ahn

Immigration Attorneys
Answered on

That would depend on your agreement with the Regional Center and your timeline, since you can not file the I-526 Petition for Alien Investor until the full minimum capital investment has been made (as one of the requirements).

Vaughan de Kirby

Vaughan de Kirby

Immigration Attorneys
Answered on

You can make more than one deposit to the escrow account. However, your entire investment of $500,000 and the Regional Center Administration Fee must be paid before your I-526 EB-5 application can be filed with USCIS.

Jinhee Wilde

Jinhee Wilde

Immigration Attorneys
Answered on

That may be up to the regional center. Most regional center would prefer to have the full investment amount wired at once; this would also make the tracking of the path of funds easier. If you must wire in two or more stages, I would not think any regional center would give you too much time in between.

Anthony Korda

Anthony Korda

Immigration Attorneys
Answered on

There is no requirement that the entire investment amount must be invested in one transaction and it is possible to use a number of separate transactions from different sources. The EB-5 Regulations require that the investor must have invested or "the investor must be in the process of investing". However, in practice, most regional center projects require that the full amount is invested prior to the filing of an I-526 Petition.

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

Depending upon the regional center, you should be able to make more than one transfer into the escrow account. You should let them know how and when you plan to transfer the funds so they can keep the appropriate records and give the bank/escrow agent notice that you will be making multiple transfers.

Tomas Resendez

Tomas Resendez

Immigration Attorneys
Answered on

There are ways to schedule the deposits so that you do not have to deposit all at once. The ways will depend on your source of funds. You will need to consult with an immigration lawyer, and go over your source of funds in detail so that the attorney can better advise you on how to deposit the funds into the escrow.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.