An ACFI-RC professional will assist the investor with this entire
process from start to finish ensuring that all aspects of the program
will be carried out as smooth, effective, and efficient as possible.
We realize that this process could be a very traumatic experience
for someone if not handled appropriately. Therefore, our commitment
to you the investor, is to assist you from beginning to end, managing
your interests in the same manner as our own.
ACFI-RC carefully identifies, evaluates, and selects qualified investment
projects for consideration by accredited
investors. This selection process may include, but is not limited to, analysis related
to financial statements, business plans, proformas, market analysis,
econometric models, project principals, etc.
An accredited investor interested in such a project, requests the
project's confidential information memorandum, SEC-compliant offering
memorandum, limited partnership agreement, subscription agreement
for a limited partnership unit, and escrow agreement from the investment
project principals.
ACFI-RC then provides documentation for the accredited investor to
subscribe to a limited partnership unit and he/she irrevocably commits
USD 500,000 to a bank escrow account, pursuant
to the escrow agreement. Documents related to the project are signed
and returned to the investment project principals. The investor or
his/her escrow agent bank is then required to provide evidence of
the commitment of funds to ACFI-RC.
Upon such notification, ACFI-RC determines whether the accredited
investor has selected an immigration lawyer to file Form I-526 (petition
for alien entrepreneur) with U.S. Citizenship and Immigration Services
(USCIS). If requested, ACFI-RC will provide a list of qualified immigration
lawyers from which to choose so that the immigration process may
commence immediately.
This process includes but is not limited to an initial due diligence
by ACFI-RC regarding the investor and source of funds. USCIS and
DHS also perform due diligence on related matters. Once due diligence
is satisfactorily completed by all parties, the I-526 petition is
the next step.
If the I-526 petition for alien entrepreneur is approved, the accredited
investor's lawyer notifies ACFI-RC, who then furnishes notice to
the ACFI escrow account bank which releases the funds by wire transfer
to the investment project in a manner predetermined and agreed upon
by all parties. The accredited investor is responsible for making
sure that any and all bank wire transfer fees are paid so that no
less than USD 500,000 is deposited into the ACFI-RC project escrow
account. The accredited investor also wires a fee to a separate
ACFI-RC operating escrow bank account for expenses relating to the
services provided by the Regional Center.
At that time, the accredited investor and his/her spouse and minor
children receive conditional resident status (two years) and apply
at a U.S. consulate in their home country, or, if in the United States,
submit application for adjustment of status.
Please visit the Immigration
section for a step-by-step procedure chart.
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The pre-investment
and investment procedures are outlined on the Preliminary Phase, and Phase I. Click here to print our procedure charts.
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