| Area | Details |
|---|---|
| Education | JD, University of Pennsylvania Carey Law School | MBA (Finance), The Wharton School, University of Pennsylvania | Chartered Accountant (ICAEW) |
| Financial Training | Completed Analyst Training Program at a major international bank | Chartered Accountant background with professional training in financial analysis and reporting |
| Legal Practice | Admitted to practice in Georgia (USA) | Registered Solicitor with the Law Society of England & Wales | Former CMBS lawyer at one of the world’s largest international law firms |
| Immigration Track Record | 15+ years advising HNW investors | Zero denials for clients advised on source-of-funds compliance in EB-5 | Hundreds of successful EB-5 cases globally |
| Recognition | Named a Top 25 EB-5 Immigration Attorney by EB5 Investors Magazine (2018–2023) |
| Professional Engagements | Lecturer/trainer for other lawyers at AILA, ACA, University of Pennsylvania Law School | Frequent speaker at global investment immigration conferences |
EB-5 Visa Costs and Fees (2026)
EB5 VisaEB5 DirectEB5 RequirementsEB5 ProcessEB5 Visa GuideEB5 Visa Processing TimeGuide to Selecting and EB5 lawyer
Full Breakdown of EB-5 Government and Professional Expenses
TABLE OF CONTENTS
- ► Quick Snapshot of EB-5 Visa Costs
- ► Fee Calculator by Family Size
- ► Government & Filing Fees (2026)
- ► USCIS Filing Fees for Adjustment of Status
- ► Other Typical EB-5 Costs
- ► If USCIS Rejects for Wrong Fee
- ► Regulatory Authority
- ► Direct vs. Regional Center Costs
- ► Frequently Asked Questions (2026 Edition)
Wharton1 Executive Summary: What is the EB-5 Visa? 
The EB-5 Immigrant Investor Program allows eligible investors to obtain U.S. permanent residency through a qualifying job-creating investment. Understanding the true cost of the EB-5 visa—including the I-526E filing fee, EB-5 Integrity Fund fee, I-829 fee, and I-485 + EAD/AP fees for adjustment of status—is essential for compliance and financial planning.Our team of Wharton MBAs are available to assist clients with proper cost analysis. This is especially useful in Direct EB-5 cases where cost and other modeling is complex. This guide summarizes the official 2026 government filing fees, outlines typical investment and legal costs, and links to the relevant U.S. regulations.
Quick Snapshot of EB-5 Visa Costs (2026)
| CATEGORY | TYPE | ESTIMATED COST (Regional Center Cases) | ESTIMATED COST (Direct Cases) | NOTES |
|---|---|---|---|---|
| Investment Capital | Returnable Investment | $800,000 – $1,050,000 | $800,000 – $1,050,000 | Depends on TEA vs. Non-TEA location. |
| USCIS Filing Fees | Non-Returnable Fee | $4,675 – $21,770+* | $3,675 – $20,770+* | Includes I-526/I-526E (per investor). |
| EB-5 Immigration Lawyer | Non-Returnable Fee | $20,000+ | $30,000+ | Higher range typically for Direct Cases. |
| Regional Center Fee | Non-Returnable Fee | $0 – $80,000 | $0 | Varies by project. |
| Consular & Visa Issuance | Non-Returnable Fee | $345 – $1,440 | $345 – $1,440 | Per person (Consular processing vs. AOS). |
| USCIS Immigrant Visa Fee | Non-Returnable Fee | $235 | $235 | Per person for each immigrant visa issued. |
| Corporate, Business Plan, Economic Study and Additional Immigration Legal Fees | Non-Returnable Fee | Included in RC Fee | $50,000+ | Not payable in Regional Center Cases. |
| Removal of Conditions (I-829) | Non-Returnable Fee | $3,750 – $9,525 + $85 biometrics | $3,750 – $9,525 + $85 biometrics |
EB-5 Fee Calculator
Use this calculator to estimate your total EB-5 costs based on your family size and case type.Estimated EB-5 Costs Breakdown
| Fee Description | Low Estimate | High Estimate |
|---|
Consular Processing Costs vs. Adjustment of Status Costs
There are two ways to file an EB-5 case:(1) Consular processing from outside the US; and (2) Adjustment of Status from inside the US
Consular processing: Outside the U.S:
Document Fees
Upon I-526 approval and a visa becoming "current" the file will be sent to the National Visa Center (NVC). After payment of the Immigrant Visa fee, NVC will request, costs for these documents vary by country of origin:- Birth certificates
- Marriage certificates
- Police clearance certificate
If you are using consular processing request your police clearance certificate(s) (PCC) when your I-526/I-526E is approved. You will need a PCC for every country you have lived in since the age of 16. Costs vary by country.
Different physicians charge different fees.
Inside the U.S: Concurrent Processing
Adjustment of Status (AOS) Investors may file Form I-485 for Adjustment of Status "concurrently" (together with for I-526) so long as the investor's country of birth shows a current (C) in the State Department's monthly visa bulletin. This has the advantage that applicants who are not from a "retrogressed" country are able to simultaneously apply for a travel permit and work permit.The costs and fees for filing Form I-485 vs. a visa application for consular processing are different. For details read our EB-5 visa costs guide.
Government & Filing Fees for the EB-5 Visa (2026)
| FORM / DESCRIPTION | ESTIMATED USCIS FEE (USD) | REGULATORY REFERENCE |
|---|---|---|
| Form I-526 / I-526E | $3,675 - $11,160* | 8 CFR § 204.6 |
| EB-5 Integrity Fund Fee | $1,000 | Reform & Integrity Act of 2022 |
| Consular Processing Fee | $345 | U.S. Dept of State — Fees |
| US Immigrant Visa Fee | $235 | 8 CFR § 106.2(c)(3) |
| Form I-829 (Remove Conditions) | $3,750 - $9,525** | 8 CFR § 216.6 |
| Biometrics Services Fee | $85 | USCIS Filing Fees |
USCIS Immigrant Visa Fee (2026)
| Date Immigrant Visa Fee Introduced: | February 1, 2013 |
| Amount: | $235 (check latest fee here) |
| Where to Pay: | Online |
| When to pay Immigrant Visa Fee: | After receiving your immigrant visa. |
The immigrant visa fee can be paid after entry to the US but USCIS will not issue any "green cards" until it is paid.
https://www.law.cornell.edu/cfr/text/8/106.2
USCIS Filing Fees for EB-5 Petitions Using Adjustment of Status (Effective December, 2025)
| FORM | PURPOSE | ESTIMATED USCIS FEE (USD) | REGULATORY / OFFICIAL REF |
|---|---|---|---|
| Form I-526 / I-526E | Immigrant Petition by Standalone or Regional Center Investor | $3,675 - $11,160* | 8 CFR § 204.6; USCIS I-526/I-526E |
| Integrity Fund Fee (Regional Center only) | Contribution to EB-5 Integrity Fund | +$1,000 | USCIS EB-5 Integrity Fund |
| Form I-485 | Adjustment of Status (filed in U.S.) | $1,440 (includes biometrics) | USCIS Fee Schedule; Form I-485 |
| Form I-765 (Optional) | Optional Employment Authorization | $260 | USCIS Fee Schedule |
| Form I-131 (Optional) | Optional Travel Permit ("Advanced Parole") | $630 | USCIS Fee Schedule |
| Form I-829 | Petition to Remove Conditions on Permanent Residence | $3,750 - $9,525** + $85 biometrics | 8 CFR § 216.6; USCIS I-829 |
Note: All USCIS fees are non-refundable and must be paid to the U.S. Department of Homeland Security.
** At the current time, I-829 fees have been temporarily reduced by court action to $3,750. The fee for a case filed in January 2026 is $3,750. However, USCIS is currently in the process of legally increasing these fees. By the time a new EB-5 applicant reaches the I-829 stage, these fees are likely to have increased, depending on the outcome of pending rule-making. That is why we are showing a range of costs.
- USCIS Fee Calculator – Calculate fees for any form
- Form I-526/I-526E – Immigrant Petition by Investor
- Form I-485 – Adjustment of Status
- Form I-829 – Remove Conditions on Residence
- Form I-765 – Employment Authorization (EAD)
- Form I-131 – Travel Document (Advance Parole)
- USCIS Alerts – Court orders affecting fees
Other Typical EB-5 Costs
-
Investment Capital: $800,000 – $1,050,000
This is not really a cost; it is an investment that, while at risk of total loss, is typically returned to the investor. -
Regional Center Admin Fee: $50,000 – $80,000
Applicable in “Regional Center” Cases Only - Legal Fees: $20,000 – $30,000 per family
- Source-of-Funds / CPA Reports: $2,000 – $10,000
- Business Plan / Economic Report (Direct): $3,000 – $8,000
- Translations / Authentication: $500 – $2,000
- Opportunity Cost: Cost of locking-up $800,000 in an EB-5 project for 5 years.
- US Immigrant Visa Fee: $235 per person
Regulatory Authority
- 8 CFR § 204.6 — Petitions for employment creation immigrants
- 8 CFR § 216.6 — Removal of conditions for investors
- INA § 203(b)(5) — Statutory basis for EB-5
EB-5 Visa Investment Amount
To become eligible for an EB-5 visa, you are required to make a minimum investment depending on your chosen investment option.There are two levels of investment:
| Location of Project | Investment Required |
|---|---|
| Inside Target Employment Area (TEA) | USD 800,000 |
| Outside TEA | USD 1,050,000 |
A Common Myth: Direct Projects Require More Investment
A common misconception is that Direct Projects carry an investment requirement of USD 1,050,000 and Regional Centers have a requirement of USD 800,000. This is false. Sadly, some disreputable Regional Centers disseminate this falsehood.Investment Does not Have to be Cash Except When a Regional Center Says so
Your investment can be in the form of cash, tangible property, equipment, inventory or cash equivalents. If a Regional Center denies this you can quote the US Immigration and Nationality Act: INA § 203(b)(5) / 8 U.S.C. § 1153(b)(5)(D)(ii)(I).As a practical matter a Regional Center is raising cash for their client to fund a project. Non-cash investments are therefore not typically viable in Regional Center cases.
How the US Immigration and Nationality Act Defines Investment for EB-5
INA § 203(b)(5) / 8 U.S.C. § 1153(b)(5)(D)(ii)(I) defines EB-5 investment as: “cash and all real, personal, or mixed tangible assets owned and controlled by the alien investor, or held in trust for the benefit of the alien and to which the alien has unrestricted access.”As a practical matter non-cash investment is only possible in Direct cases where investors are investing in their own business.
Case Example of Non-Cash EB-5 Investment
Our client is an Indian manufacturer of nutritional supplements from Noida. Our client opened a distribution facility in Tennessee. The value of the client’s EB-5 investment included the fair market value of stocks of nutritional supplements imported from India.For more information on what constitutes a valid EB-5 investment visit our EB-5 Investment guide.
Form I-526/I-526E Filing Fee
What is an I-526 Filing?
I-526 is simply a form number. The first step after transferring the investment amount into the project is filing an I-526 petition (single investor), or an I-526E petition (regional center investment) with USCIS (United States Citizenship and Immigration Services). These petitions include evidence on the investment, lawful sources and path of funds, job-creation projections and nature of the business.The Current Position on USCIS EB-5 Fees: January 2026
The most recent price increase USCIS fee structure became effective April 1, 2024. However, a Federal judge invalidated this fee increase, returning fees to the pre-April 2024 price. Moody v. Noem, No. 1:24-cv-00762-CNS (D. Colo. Nov. 12, 2025).As of January 2026 USCIS have initiated a pricing increase.
When Fees Change: Always check with USCIS AND an EB-5 Lawyer
Always Check the USCIS Website
Future changes will be published in the Federal Register and then typically on the USCIS Filing Fees page. However, as explained below, the fees on the USCIS website are not always accurate. The best advice is to check with an EB-5 lawyer.Case Study: Why Relying on the USCIS Website can Lead to Fee Rejections
In November 2025, our Indian client filed an I-526E relying on the fees stipulated on the USCIS Website. Because USCIS had not updated their fees to allow for a Federal Judge having invalidated their fee increase the fees on the USCIS website were wrong.The client’s case was rejected for processing by USCIS based on the client having paid the wrong fees as stipulated in the USCIS website. We re-filed the case using the corrected fee.
If USCIS Rejects Your Filing for Wrong Fee: What To Do
- Act quickly: Refile as soon as possible. Note that rejected filings do not preserve your original priority date—your new priority date will be the date USCIS receives your corrected filing.
- Verify the current fee: Check the USCIS Fee Calculator AND any recent USCIS Alerts for court-ordered fee changes.
- Use correct payment method: Submit a new check or money order payable to "U.S. Department of Homeland Security" for the exact amount.
- Include rejection notice: Attach a copy of the USCIS rejection notice with your new filing.
- Consult an EB-5 lawyer: Fee rules change frequently—an experienced attorney can confirm the correct fee on the day of filing.
Consular Processing or Adjustment of Status
Once the I-526 has been approved a case can move in three directions:1. Consular Processing
Consular processing is processed through the National Visa Center (NVC). NVC charges an Immigrant Visa (IV) issuance fee which as of January 2026 is $345 per person.2. AOS for Applicants who Concurrently Filed Form I-485
If you concurrently filed Form I-485 there is nothing to do. USCIS will now adjudicate your Form I-485.3. AOS for Applicants who did not concurrently file for AOS
Eligible investors from retrogressed countries who were unable to concurrently file for I-485 with their I-526 or I-526E can now file Form I-485 to Adjust Status to lawful permanent resident status.If the investor is in the US in a lawful status, such as an H-1B or F-1, he or she can file Form I-485 with the USCIS for Adjustment of Status (AOS). Each person of the investor’s family has to file their own I-485 individually.
As of January 2026, the filing fee for the form is $1,440 and $85 for collection of biometrics. Note that this fee is subject to change.
Form I-829 Filing Fee
Upon approval of your EB-5 Visa, you acquire a conditional permanent residency for 2 years. You would need to file a Form I-829 (Petition by Investor to Remove Conditions on Permanent Resident Status) within the last 3 months of the 2-year validity to remove the conditions to become a permanent resident.Note: These fees are accurate as of November 2025. However, as USCIS fees can change at any time, always double-check the latest amounts using the official USCIS Fee Calculator at https://www.uscis.gov/feecalculator.
Legal Fees of an Immigration Lawyer
Many Regional Centers will refuse to accept you as an investor unless you are represented by an experienced immigration lawyer. While hiring an immigration lawyer is not mandated by law EB-5 is complex. We strongly recommend hiring an experienced EB-5 lawyer as they will help you navigate the often very complex EB-5 process. Read our Guide on selecting an EB-5 Lawyer.Direct Vs. Regional Center Case Costs
Summary of the differences between Regional Center and Direct Case Costs
Regional Centers undertake a lot of work when structuring an EB-5 project. Where an investor pursues EB-5 independently from a Regional Center the investor will incur the costs typically borne by the Regional Center.Quick Summary of Regional Center and Direct EB-5 Costs
| Cost Item | Paid To | Direct EB-5 | Regional Center | Comments |
|---|---|---|---|---|
| Economic study | EB-5 Economist | $ 5,000 plus | Included in RC Admin Fee | |
| Regional Center Admin Fee | Regional Center | NA ($0) | $ 0 – $ 80,000 | Varies by Regional Center and project and whether or not the investor has an agent/broker |
| Corporate and Commercial Documentation | Corporate Lawyer | $ 5,000 - $ 100,000 plus | Included in RC Admin Fee | The cost of negotiating and preparing the necessary documents for a Direct project will vary wildly based on the project. |
| EB-5 Source of Funds Fee | EB-5 Lawyer or Accountant | $ 5,000 - $10,000 | $ 5,000 - $10,000 | |
| EB-5 Lawyer Fee | EB-5 Lawyer | $ 15,000 - $ 30,000 | $ 15,000 - $ 30,000 | Fee varies on the law firm retained. |
| Business Plan Fee | Business Plan Service of EB-5 Lawyer | $ 3,000 - $ 5,000 | Included in Regional Center Admin Fee | This is probably the single most important document in EB-5. |
| Employees | Employees and Government Taxes | Varies | $ 0 | In a Direct EB-5 case the EB-5 business must hire ten full-time workers. In a Regional Center case there is no additional cost to the investor. |
Regional Center Administration Fees: Always Negotiate!
Regional centers are designated service agents by the USCIS, qualified to receive EB-5 investments from investors. In an EB-5 regional center investment, the investor will invest in a pre-prepared investment structure where the regional center has established a new commercial enterprise.Regional Centers charge administrative fees which typically range between $0 (very rarely) and $80,000. Most Regional Centers will initially ask for a fee of between $60,000 and $80,000 but can be willing to discount those fees. That is especially the case where an EB-5 applicant has not used a project broker or an "agent".
Business Plan Costs: Direct Cases Only
If you chose the option to make a direct investment you will need to attach a business plan along with your I-526. An EB-5 business plan is complex and needs to be fully compliant with the legal standards laid out in the Matter of Ho. Matter of Ho, 22 I&N Dec. 206 (Assoc. Comm’r 1998).In Regional Center cases the preparation of the business plan is included in the Regional Center fee.
While business plans vary in price and quality you should budget for around USD 5,000.
Business Entity Formation: Direct Cases Only
If you choose to make a direct investment, you have the option to establish a new business.Working with a corporate lawyer who has EB-5 experience is essential. In the United States corporate lawyers typically charge $ 10,000 and more for these services. Read more about forming a business entity in the United States.
Document Translations
The application process involves a lot of documents ranging from personal, source of funds to project documents. Documents written in a foreign language must be translated into English, and the translation fees may again vary depending on your service provider.Direct Investment Costs 
Overview of Costs and Fees in Direct EB-5 Cases
In a direct investment, the investors structure the investment themselves so there is no regional center administrative fee to be paid. However, there is no Regional Center to prepare the business plan and other documentation. The additional costs must be paid by the investor.Additional Costs Paid by Investors in Direct EB-5
The investor is responsible for obtaining:Economic/TEA Report (for $800,000 Investments)
The TEA or “economic” report can cost $5,000 or more. It is prepared by an economist specializing in EB-5 and evidences that the project is located in a Target Economic Area (TEA).EB-5 Compliant Business Plan
The investor is also responsible for obtaining a business plan that complies with the EB-5 Visa requirements. This additional cost could range from $2,500 to $10,000 USD, depending on the nature and structure of the business.At Davies & Associates our “Wharton EB-5 Team” of Wharton MBAs have decades of experience with business plans and documenting Direct EB-5 cases. We are ready to assist with every detail. Read more about immigration-compliant business plans.
Lawyer Fees in Direct EB-5
While not mandatory, seeking a legal consultation or advice from an immigration attorney can help ensure that all aspects of your direct investment are compliant with the EB-5 program. You might also need advice from other types of lawyers in some aspects. For example, you might need the help of a corporate attorney if you are planning to establish a new business.Travel and Relocation Costs
Since you will be granted a conditional permanent residence, you should also factor in applicable travel and relocation costs including the multiple trips in and out of the U.S. or where you will stay.Tax Considerations
An EB-5 investor should also take into account tax considerations for the duration of the EB-5 program:Income Tax
Since you will become a permanent resident, you will be subject to income taxes on your worldwide income. Moreover, you must report and pay taxes on any income received from your investment. However, US taxation is complex. In the past most clients have benefited from lower tax payments in the US. While rates may be higher in the US, income lawfully excluded from taxation is often also higher.Capital Gains Tax
If you sell your investment, you may be subject to a capital gains tax. The tax will depend on the period that the investment was held and the amount of the gain.Estate Tax
Once you have become a U.S. citizen and you have acquired properties along the way, your estate may be subject to an estate tax once you have passed away.Local and State Taxes
You may be also subject to local and state taxes, aside from federal taxes, depending on where you live.Pointers to Minimize EB-5 Visa Expenses
An application for an EB-5 Visa can get costly as you will have to think about the minimum investment amount and the rising application fees. However, there are several points you can follow to minimize your expenses:Plan ahead
The EB-5 process can be extensive, so planning and budgeting for your application process ahead is crucial if you want to minimize your expenses. This can help you avoid last-minute expenses or unexpected fees.Research investment opportunities
Before investing, you should conduct a thorough research on every investment opportunity to ensure its legitimacy and its success rate. This minimizes the risk you would take when investing, which can get costly.Consider investing in a targeted employment area
Investing in a TEA reduces the minimum investment significantly. From $1.05 million USD, you are just required to make a minimum investment of $800,000 USD.Look for cost-friendly regional centers
If you are planning to invest in a regional center, you can look for ones that have low fees but still a high success rate. This ensures that you shell out less money while still having a high chance of success.Hire an immigration lawyer
While hiring a lawyer can add to the costs, they can help reduce the overall costs you have to pay in the long run as lawyers can ensure that your application is complete and accurate, which lessens the chances of costly mistakes or delays. Moreover, they also increase the chance of your application getting approved.Frequently Asked Questions (2026 Edition)
Can I rely on the fees listed on the USCIS website?
Not always. USCIS fee pages are a starting point, but fee amounts can be wrong and can change quickly because of court orders and ongoing rule-making. For EB-5 in particular, a federal court order in Moody v. Noem stayed certain EB-5 related fee increases from the DHS 2024 USCIS Fee Rule. USCIS did not immediately change these fees on their site meaning that clients who filed their EB-5 using the fees listed on the USCIS website had their cases rejected. Because these changes can affect what fee USCIS will accept at the time your package is received, we confirm the fee immediately before filing and do not recommend relying on a single screenshot or an older USCIS table.Why do you list EB-5 filing fees as a range instead of a single number?
EB-5 fees are changing due to active litigation and new proposed rulemaking. A federal court order in Moody v. Noem stayed certain EB-5 related fee increases, and DHS has also published a proposed EB-5 fee rule in the Federal Register. Because the fee in effect can change between the day you start and the day you file, we provide a range and confirm the exact fee immediately before filing to reduce the risk of rejection for an incorrect payment.How do you prevent an EB-5 filing from being rejected for an incorrect fee?
We treat fee verification as a final pre-filing step, because the Lockbox commonly rejects submissions for incorrect fees. Our checklist is:- Verify the fee in the current USCIS fee schedule and confirm the fee is correct for the specific form and filing type.
- Check USCIS Alerts for any court order implementation that changes which fees USCIS will accept, such as the EB-5 partial stay alert in Moody v. Noem.
- Confirm payment method details, because the Lockbox will reject if the payment amount is incorrect.
How much does the EB-5 Visa really cost?
The total cost ranges from $875,000 to $950,000+, because you need the $800,000 minimum investment (TEA) plus USCIS fees, admin fees, and legal costs. Non-TEA investments require $1,050,000.Are EB-5 filing fees refundable if denied?
No, EB-5 filing fees are non-refundable once USCIS accepts your petition, because government filing fees cover processing costs regardless of outcome.What is the difference between I-526 and I-526E?
Form I-526 is for direct (standalone) investments; I-526E is for Regional Center cases. Both have the same filing fee, but I-526E requires an additional $1,000 Integrity Fund fee because Congress mandated oversight funding for Regional Centers in 2022.How much are attorney fees?
EB-5 attorney fees typically range $20,000–$30,000 per family, because the process requires extensive source-of-funds documentation, business plan preparation, and multi-stage filings over several years.Do dependents pay separate fees?
Yes, each dependent pays separate visa issuance fees: $345 per person for consular processing or $1,440 for Adjustment of Status, because immigration fees are assessed per individual applicant.What is the EB-5 Integrity Fund?
The EB-5 Integrity Fund is a $1,000 fee required for Regional Center investors at I-526E filing, because the Reform and Integrity Act of 2022 mandated this fee to fund USCIS oversight and auditing of Regional Centers.Can EB-5 investors pay in foreign currency?
No, USCIS filing fees must be paid in U.S. dollars, because all government fees are processed through U.S. banking systems. However, your investment capital may originate from abroad if lawfully sourced.About the Authors
Mark I Davies, Esq.
Chairman of Davies & Associates; focused on E visa strategy and complex consular filings.Contact Davies & Associates Offices in United States
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We are known for our creative solutions that obtain "impossible" visas, we solve the most complex immigration problems for businesses, investors, individuals, and families.
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