Economy based immigration program the EB-5 is highly beneficial for both the investors and the regions of high unemployment where these investors bring employment. In return, they will get a permanent residence or US Green Card for themselves, their wife or husband and off-springs. For the EB-5 Visa, you will have to invest a minimum of $500,000. It’s not just money that you have to invest. You will have to provide evidences proving lawful source of those funds.
This is proving to be a serious issue as the United States citizenship and immigration centre will ask for approximately all the financial transactions in detail. The documents involve:
- Documents proving your ability to establish and run an enterprise, if applicable
- Documents related to business registrations such as company incorporation documents/ partnership agreements, if any and applicable.
- Detailed information about your source of funds.
- Proof of funds being at risk
- If you have taken any loan, documents proving the legality of loan.
- Copy of property papers will also be required.
EB-5 proving lawful source of funds is not an easy task, only details of bank transaction and income tax return will not be enough. Many petitions had been rejected due to disability of petitioner to provide adequate evidences — sometimes about source, sometimes about the property they own. This program needs a very detailed documentation about everything you are claiming to lie under your property or your partner’s property.
It also checks whether the application of your capital is in the region of high unemployment. You need to give foreign business transaction records (if any), details about the business which is working as your source of capital, kind of business, number of employees working, initial investment records, legal name and kind of business, copy of passport and birth certificate and complete address.
