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Question:

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When must project activities begin in relation to filing an I-526? I am looking into starting a business for a direct EB-5 project. I understand that I need to register a company and move the funds into it before the I-526 is filed. But do I need to actually start business activities, such as sign leases or start construction, before the I-526 is filed? Or can I wait for the I-526 to be approval before starting business activities?

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Answers:

July 21, 2014 10:14 Ed Beshara

The EB-5 regulations and policies require you to be in the process of investing or already have invested. The supporting legal documents may show you have an irrevocable escrow agreement which shows all the required investment funds are in escrow to be released to the project business upon the approval or filing of the I-526 petition.In fact, you may use the funds immediately.

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