Why do some EB-5 applications get denied by USCIS?
According to the United States Citizens & Immigration Services (USCIS) there were 1,955 initial applications for conditional permanent residency made in 2010. Of those applications approximately 165 were denied.
When asked by our clients why USCIS would deny an application it is impossible for us to give one blanket answer that will cover all of the possible reasons why an application would be denied, however we can give some examples of typical reasons USCIS may not approve an I-526 application.
The most typical reasons for denial seem to be that the Applicant cannot or has not been able to prove the lawful source of funds being used for the investment. Remember that a key factor in you being eligible to participate in the EB-5 Investor Visa Program is that you must be able to prove where you obtained the $500,000 USD or $1 Million USD being used for the investment. Some of our clients from Iran, China, Russia and Vietnam for instance have had challenges when providing proper records and documentation of the source of their investment funds. This is why it is critical to work with professionals that have the experience needed to guide you in gathering documents that are acceptable to USCIS in proving these sources of funds and in perhaps engaging with well-known international accounting firms to prepare a proper “Source of Funds” report that is acceptable to USCIS. Over the last 3+ years we have worked with people from many different countries, all with their own challenges that need to be addressed and documented in the proper manner and we can help you as well.
It is very important for your EB-5 Consultant to review your potential eligibility for the EB-5 Visa Program. If you are considering the EB-5 Investor Visa Program as the path to help you and your family in obtaining permanent residency in the United States please contact Fred Burgess or Joe Sloboda from Exclusive Visas for more information on how we can help you by sending an email to email@example.com