In EB-5 investment immigration, you will often see the two I-526 and I-829. What do these two mean?

In fact, these two codes are the numbers of two forms.

Each time you advance in the immigration application, you will come into contact with a different form number.

Therefore, in the immigration circle, it is customary to link the progress of your application with this number.

This is actually the number of two forms.

Because application documents for different stages need to be submitted together with the form, it is customary to indicate the corresponding application stage directly with the form number.

That is the EB-5 investment immigration application form.

Applicants need to prepare this form and a complete set of application documents (personal documents, source of funds documents, investment documents, etc.) when submitting for the first time.

The I-526 is approved, indicating that the applicant meets the requirements for EB-5 investment immigration regardless of personal conditions or investment project conditions. After waiting for the schedule, he can go to the U.S. Consulate in Guangzhou for an interview and land in the United States to apply for a conditional green card.

I-526 is the first step in the EB5 application process in the United States. Investors need to fill out the I-526 application form and submit the required relevant documents. They also need to provide evidence to prove that they have made an investment that meets legal requirements and can meet the requirements.

Investments subject to EB-5 conditions.

1. Select an investment project and remit the investment funds to the project’s designated supervision bank. At this stage, the applicant needs to select an EB-5 project from the many EB-5 projects on the market with the help of immigration agencies and immigration lawyers.

High-quality projects that meet application needs.

After determining the investment project, investors still need to sign a subscription agreement, a custody agreement (only if they have a custody account), and a fund issuance memorandum, and at the same time remit the investment of US$500,000 or US$1 million to the project's designated regulatory bank.

2. Prepare materials and submit them to the US Immigration Service. At this stage, the application documents that investors need to prepare include: (1) Self-introduction letter and list of physical evidence. The function of the self-introduction letter is to introduce yourself to the US Immigration Service and describe the preparations made in the early stage.

How the job and investor themselves meet the requirements of the EB-5 program.

The physical evidence list is the document used to prove that the investor has met all the requirements of the EB-5 program.

(2) Copies of passports of the main applicant and relatives who immigrated at the same time (3) Form I-526 is provided by the US Citizenship and Immigration Service and filled out by an immigration attorney.

The form contains basic information used to identify the investor, including the preparations the investor has made, including the nature of the newly established enterprise, establishment time, investment amount, investment time, etc.

(4) Documents related to the source of funds. These documents are used to prove that the funds used by investors for investment purposes were obtained through legal channels.

As for what these files include, you can read our previous articles, which have been discussed in detail.

(5) Documents related to fund flow. This document is used to prove that investors have transferred funds to project-related accounts.

These documents generally include: a letter from the bank to the investor confirming that the funds have been deposited into the account related to the project and a bank statement from the commercial enterprise proving that the funds have been deposited in the relevant account.

(6) Documents related to business operations proving the use of funds invested by investors in the company's business development and job creation.

(7) Application fee materials Applicants need to provide the original money order for the I-526 application fee of US$3,675. It should be noted that the account from which the US$500,000 and US$3,675 application fees are remitted must be the account of the main applicant, or it can be a joint name.

account.

(8) Business plan The business plan is the most important content among all I-526 documents.

The Immigration Bureau will examine whether the investment is legal based on the business plan, and whether the investor has a complete and feasible plan to achieve the goal of "creating 10 direct or indirect jobs" in two years.

A detailed business plan must contain at least the following content: an overview of the new enterprise, the products and services provided, the goals expected to be achieved, etc.

The plan also needs to clarify the names of relevant competing companies and their respective advantages and disadvantages; a horizontal comparison of competing companies' products and pricing strategies; the licenses and business licenses that have been obtained; the outlook for future sales, costs, expenses, and income of the company, etc.

3. Get the file number and wait for I-526 approval. After all application materials are submitted, the Immigration Bureau will return a file number to the applicant within 1 to 2 weeks. While waiting for I-526 approval, the applicant can rely on

This file number allows you to check your approval progress online in real time.

If there are no problems with the documents submitted by the applicant, the Immigration Bureau will issue an I-526 approval letter after review and approval. Next, the investor only needs to wait for the schedule and then go to the Guangzhou Consulate for an interview. As long as nothing comes out of the interview

Error, then you don’t have to worry too much when you get the green card.