As an immigration attorney representing EB-5 investors, one of the frequently asked questions is: what is the total cost of an EB-5 Regional Center investment? Savvy investors understand, in order to go through the EB-5 Visa process, they will incur other expenses in addition to the $500,000 capital investment.
So what is the cost of an EB-5 investment? Unfortunately, there is no set dollar amount. Each client’s case is distinct, and there are a multitude of factors that may influence their costs. This article will address the most common EB-5 costs - but it’s important to keep in mind that expenditures for your specific case may vary.
One cost that is universal for all clients is the invested capital. Most Regional Center projects are located in a Targeted Employment Area, which allows for a reduced investment amount of $500,000.
Just as you wouldn’t forgo obtaining a doctor to perform a surgery, you also want to be sure to retain a competent EB-5 attorney to file your petition. Depending on whether your lawyer bills a flat fee or hourly rate for an EB-5 investment, you can expect to pay anywhere from $10,000 to $20,000 for legal services. Depending on the firm you choose, this may or may not include the services of an EB-5 Investment Advisor.
Project Administration Fees:
The majority of projects out there charge an administration fee when subscribing to their project. The typical administration fee ranges from $30,000 to $60,000. These fees are generally used to pay marketing costs, as well as “finder fees” for agents abroad.
With every I-526 Petition filed, USCIS requires the payment of a filing fee. Currently, the filing fee for an I-526 Petition is $1,500.
USCIS requires any documentation or evidence not in English to be accompanied by an English translation. Further, in their latest EB-5 stakeholder meeting, USCIS indicated that the entire document will need translating and abstract translations are not accepted. Translation service fees vary depending on the document content and number of words. You can expect to pay between $0.25 and $0.50 per word.
If you choose to travel to the US to speak with Regional Centers or your attorney, you might incur additional expenses such as travel, housing and visa costs.
Although these are a few of the most common expenses associated with the EB-5 investor visa, additional costs may arise depending on your individual case. You may also be able to mitigate the costs of EB-5 through varies means. A conservative estimate of an EB-5 investment from start to finish will be around $568,000.
Kyle Barella, Esq.