Behind every EB-5 investment project is a foundational document filed by the regional center: Form I-956F. This form is essential to the integrity and structure of EB-5 offerings under the 2022 Reform and Integrity Act.
What is Form I-956F?
Form I-956F is known as the Application for Approval of an Investment in a Commercial Enterprise. It is filed by the regional center, not by the individual investor. It must be filed before any investors can submit their Form I-526E petitions.
What Does It Include?
The I-956F provides USCIS with a comprehensive overview of the EB-5 project, including:
- A detailed business plan
- Economic impact analyses
- Job creation methodology
- Capital structure and fund flow
- Disclosure documents for investors
Why It’s Filed First
Even though USCIS doesn’t need to approve the I-956F before I-526E petitions are submitted, it must be received and on record. This ensures that only registered, vetted projects are linked to investor petitions.
How Form I-956F and I-526E Work Together
Form I-956F sets the stage by registering the EB-5 project and providing USCIS with detailed information to vet the investment opportunity. Once this form is on file, individual investors can file their I-526E petitions to apply for their green cards through investment in that project.
Together, these forms help maintain transparency and regulatory oversight in the EB-5 process.
Why It Matters
Form I-956F acts as a regulatory checkpoint. It reinforces project transparency and ensures that regional centers are presenting viable, compliant investment opportunities to EB-5 participants.
Conclusion
For investors, knowing that a Form I-956F has been filed is crucial. It provides assurance that the project has undergone a foundational compliance check.
This article is for informational purposes only and does not constitute legal advice. EB5LA is not an immigration law firm and encourages readers to consult with a qualified EB-5 immigration attorney or advisor before making any decisions.