As with any investment, it’s important for potential EB-5 investors to have a clear understanding of the costs involved before making a decision.
We’ve outlined the legal and administration costs below, and when in the process these costs will need to be covered, so you can plan accordingly.
STEP 1 – I-526 Application
The first step in the EB-5 process is to complete an I-526 application, which is submitted to the United States Citizenship and Immigration Services (USCIS).
This application is to establish your eligibility for classification as an EB-5 immigrant investor, and there is a filing fee of $3,675 payable to USCIS along with your application.
You’ll need an immigration attorney to assist with this application, and their fees will typically be in the region of $15,000. LCR works with some of the most experienced EB-5 immigration firms in the world. The fees shown here are representative and may vary depending on multiple factors including the number of dependents included and the structure of the source of funds analysis.
You’ll also need to pay a one-time administration fee of $50,000 to LCR Capital. This fee is used to cover upfront expenses such as project underwriting, business plan writers, econometrics jobs report, securities attorney fees, Targeted Employment Area (TEA) designation, and escrow services.
Lastly, you’ll need to make your $500,000 capital investment at this stage of the process. Once your I-526 is filed, you will be eligible to start earning the annual 25 bps preferred return on your EB-5 investment.
STEP 2 – I-485 Application
I-526 approval means you’ve been approved as an eligible EB-5 investor. The next step is to schedule a visit to your local consular office if you are outside the USA, or submit an I-485 application to USCIS, which is your “adjustment of status” application for a conditional green card, if you are already residing in the USA. This step currently takes place 16-18 months after filing your I-526 application for Indian investors.
There is a filing fee $1,140 that goes to USCIS, and you’ll need an immigration attorney to help with the paperwork$2,500.
STEP 3 – I-829 Application
The I-829 is an application to remove the conditions on your conditional green card. This can be filed two years after your conditional green card is issued. Once this is approved, you’ll be a permanent resident of the U.S. with a permanent, unconditional green card.
Once again, there is a filing fee $3,750 that goes to USCIS, and you’ll need an immigration attorney to help with the paperwork $5,000.
STEP 4 – I-829 Approval
Once you’ve received your I-829 approval, your capital investment ($500,000)can be returned. It is important to note that, as per U.S. EB-5 regulations, LCR Capital is not allowed to guarantee any return of capital, since your investment needs to be “at risk”
while it is invested in the U.S. This is a legal requirement and it applies to all EB-5 investments (i.e. it is not LCR-specific but applies to any EB-5 project investment).
LCRgoes to great lengths to structure our projects to minimize the risk of loss of capital for our investors, and none of ourEB-5 clients have suffered any loss of capital while investing with us.
The total cost for permanent U.S. residency, after return of investor’s $500,000 capital and $6,250 preferred return is $74,815.
If you submit your I-526 application today (before September 30th 2017), you could earn conditional U.S. residency by March 2019 and then earn permanent residency in America by mid-2022.
1 LCR works with several of the most experienced EB-5 immigration firms in the U.S. The fees shown here are representative and may vary depending on multiple factors including the number of dependents included, the structure of the source of funds analysis etc.
2 LCR’s administration fee is used to cover upfront expenses including, but not limited to, project underwriting, business plan writers, econometrics jobs report, securities attorney fees, TEA designation and escrow service.
3 LCR investors receive an annual preferred return of 0.25%.