An EB-5 visa is a program intended to stimulate the economy. It works by granting foreign investors lawful permanent residency in the United States if they supply a certain amount of money for a U.S. initiative guaranteed to provide jobs to U.S. citizens. EB-5 is short for employment-based fifth preference category, as it is one of five United States employment-based preference programs.
Examples of investment projects include hotels and other multi-use developments, such as Hyatt Hotels, Marriotts, Starwoods, and the SLS Hotel and Casino.
USCIS legally requires that all EB-5 documentation for investors be provided in English, accompanied by a certificate to showcase complete and accurate translation. The specific types of documentation involved will depend on the individual.
EB-5 documents that need translation include:
- Bank Statements
- Tax Returns
- Company Audited Financial Reports and Bank Statements
- Business Registration Documents
- Personal Identity Documents
- Property Ownership Documents
- Sale or Loan of Property Documents
- Gift or Inheritance Letters
Moreover, translation is not only significant for the investors’ documents, but also for businesses looking to engage investors through marketing and advertising. Translation bridges the gap among investors, regional centers, and project developers.
According to the EB-5 Investors website:
“A high-quality translation service can be the difference between successful marketing to potential EB-5 investors, and a dearth of interested investors. Well translated materials appear more attractive and more professional, and show your projects in a better light.”