Obtaining approval for the United States golden visa, or EB-5 Immigrant Investor Program, is typically a straightforward process if all requirements are met diligently. However, several factors can lead to the rejection of an EB-5 visa application. Find here common reasons why applications may face rejection:
Inadequate source of funds documentation:
One of the primary reasons for EB-5 visa rejections is insufficient or unclear documentation regarding the source of investment funds. USCIS requires investors to prove that their investment capital comes from lawful sources, such as earnings from business, salary, sale of property, inheritance, or gifts. Failure to provide detailed and credible evidence can result in application denial.
Non-compliance with investment requirements:
Investors must meet specific investment requirements under the EB-5 program, including investing a minimum of $1 million (or $500,000 in a Targeted Employment Area) in a qualifying U.S. commercial enterprise. If the investment amount is insufficient, improperly allocated, or the enterprise does not meet EB-5 criteria, the application may be rejected.
Regional center issues:
Investing through a USCIS-designated Regional Center is a popular option under the EB-5 program. However, issues related to the Regional Center, such as lack of approval or compliance with program requirements, can lead to application denial. Investors must ensure they choose a reputable and compliant Regional Center to minimize such risks.
Incomplete application or documentation:
Submitting an incomplete application or missing required documentation can delay processing or lead to outright rejection. It is vital to follow USCIS guidelines meticulously and include all necessary forms, supporting documents, and fees with the initial application package.
Inconsistencies or errors in forms:
Even minor errors or inconsistencies in forms, such as incorrect personal information, discrepancies in financial data, or incomplete responses, can lead to application rejection. Careful review and verification of all information provided are essential to avoid such pitfalls.
Failure to meet job creation requirements:
One of the key requirements of the EB-5 program is the creation of at least 10 full-time jobs for U.S. workers per investor. If the investment project fails to generate the required number of jobs or cannot demonstrate job creation within the specified timeframe, the application may be denied.