For EB-5 investors, transparency and consistent communication are key throughout the immigration and investment process. One of the most effective ways to maintain that transparency through quarterly reports.
For EB5AN investors, quarterly reports are provided once an investment has been made in an EB-5 project. These reports are sent to investors every three months and give a clear picture of how the project is performing financially, how construction is progressing, and whether job creation requirements are being met. For families counting on EB-5 immigration outcomes, quarterly reports are an essential source of reassurance.
This article explains what quarterly reports are, what they include, and why they are such a valuable part of the EB-5 process.
What Are EB-5 Quarterly Reports
Key Components of a Quarterly Report
- Project Overview
- Approvals and Compliance
- Financial Summary
- Job Creation Tracking
- Construction Updates
- Immigration Updates
Why Quarterly Reports Are So Valuable for EB-5 Investors
- Transparency Builds Trust
- Clarity on Job Creation
- Documentation for the Future
- Early Awareness of Challenges
Choosing the Right Regional Center Partner
What Are EB-5 Quarterly Reports
Quarterly reports are project updates issued by the regional center sponsor after you have made an EB-5 investment.
These reports typically include:
- Updates on construction progress.
- Sales figures.
- Financial performance and compliance information.
- Job creation updates.
- Immigration milestones such as Form I-526E or Green Card approvals.
Key Components of a Quarterly Report
A well-prepared quarterly report is comprehensive but straightforward, giving investors the information they need without unnecessary technical detail. Common elements include:
Project Overview
A brief description of the project scope and purpose, reminding investors what is being built or developed. For example, a luxury residential tower might be described in terms of unit count, location, and planned amenities.
Approvals and Compliance
Confirmation of project-level approvals, such as Form I-956F exemplar approval, and updates on loan compliance. This section helps reassure investors that the project remains in good standing with USCIS requirements and the loan is not in default.
Financial Summary
A table or snapshot showing quarter-to-quarter changes, such as:
- Number of units sold.
- Total sales value.
- Eligible EB-5 expenditures.
This financial breakdown demonstrates how investor funds are being used and how the project is performing relative to expectations.
Job Creation Tracking
Since EB-5 success depends on creating at least 10 full-time U.S. jobs per investor, quarterly reports carefully track job creation and explain the number of jobs generated each quarter. Both direct and indirect jobs are included, with confirmation of how many investors are already fully covered.
Construction Updates
Most reports highlight major construction milestones completed during the quarter, such as foundation pours, structural progress, or utility installations. Photos or links to construction videos are often included so investors can see tangible progress.
Immigration Updates
If applicable, quarterly reports include information about approvals already issued for I-526E petitions, conditional Green Cards, or other milestones relevant to the group of investors.
Together, these elements provide a clear snapshot of a project’s health and outlook.
For a closer look at how EB5AN prepares quarterly reports, you can download a recent example here:
Download a Sample EB5AN Project Quarterly Report
Why Quarterly Reports Are So Valuable for EB-5 Investors
Quarterly reports do more than summarize numbers and construction milestones. They also give investors confidence that their capital is being managed responsibly and that the project is staying on track.
Transparency Builds Trust
EB-5 investment requires a high degree of trust between investors and the regional center sponsor. By issuing quarterly reports, sponsors demonstrate respect for that trust and provide a level of accountability that goes beyond regulatory minimums.
Clarity on Job Creation
Because job creation is the central requirement for I-829 approval, investors need visibility into how jobs are being counted. Quarterly reports show how many qualifying jobs have already been created and how many remain to be created.
Documentation for the Future
Quarterly reports also serve as a record that can be shared with attorneys during the I-829 petition process. Having a consistent paper trail of construction progress and job creation may help attorneys prepare stronger filings with USCIS.
Early Awareness of Challenges
No development is entirely free of risk, and quarterly reporting allows potential challenges to be flagged early. For example, if construction costs rise or a timeline shifts, investors will be notified promptly and can understand how the regional center plans to address the issue.
Choosing the Right Regional Center Partner
Not all regional centers approach reporting with the same level of care. While the EB-5 Reform and Integrity Act of 2022 requires regional centers to meet certain reporting obligations, investors should still choose partners who go above and beyond the basics.
A reputable regional center will:
- Provide quarterly reports on time and in a clear, professional format.
- Include transparent data on financial performance and job creation.
- Offer photos, visuals, or video links showing tangible progress.
- Address any challenges openly rather than avoiding difficult updates.
At EB5AN, we are committed to clear communication with investors. Our quarterly reports are designed to keep you informed, confident, and well-prepared for every stage of the EB-5 process.
With more than a decade of experience and a 100% USCIS project approval rate, EB5AN has helped over 2,700 families from more than 70 countries secure permanent residency in the United States.
If you would like to learn more about our available EB-5 projects, schedule a free consultation with our expert team today.
