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.
How Does Translation Fit Into the EB5 Process?
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 Documents needing translation generally 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.”
EB5 Translation Solutions
Language Connections specializes in all major industries including legal translation for immigration purposes. We provide certified, professional translation in 100+ languages including those common to EB5 projects such as:
With over nearly 3 decades of experience, we work selectively with native-speaking linguists and will meet your multilingual needs in a timely and cost-efficient manner.
Language Connections can help investors and businesses alike as a professional language service provider (LSP) for certified translations of EB-5 documents and marketing tools. Through our efficient, accurate translations, investors can partake in the EB-5 program without delay. Reach out to us today to get started on your EB5 process or your clients’!
How Does the EB5 Visa Impact The Economy?
In January 2017, U.S. Citizen and Immigration Services (USCIS) and the Economics and Statistics Administration (ESA) teamed up to analyze the contribution of the EB-5 visa program with respect to the U.S. economy. Their findings are published in the economic report entitled “Estimating the Investment and Job Creation Impact of the EB-5 Program.”
Overall, the economists found that “more than 11,000 immigrant investors provided $5.8 billion in capital, roughly 35% of the total investment ($16.7 billion), for 562 EB-5 related projects that were active in FY2012 and FY2013. These projects were expected to create an estimated 174,039 jobs.”