Source of funds documents 

Source of Funds: Required for Every Case:

  • Copy of Passport Identification Page, Birth Certificate, Marriage Certificate (if applicable) for the investor and each dependent family member accompanying the investor to the United States

  • Resume, Diplomas, Professional Licenses

  • Evidence of Income Tax Paid for Last 5 Years, if applicable

Source of Funds: Mortgaged Personal Property of Investor

  • The investor must show where he or she earned the funds used to purchase the property;

  • A contract showing the investor’s purchase of the property;If the investor obtained a mortgage for the initial purchase of the property, then he or she must provide evidence of the amount of the mortgage outstanding or that the initial mortgage has been settled;

  • A real estate certificate, deed tax payment certificate, and invoices regarding the purchase of the property;

  • The mortgage contract showing property as collateral for the source of funds mortgage loan;

  • The loan contract detailing the terms of the loan;

  • An appraisal certificate showing the home’s value at the time of the mortgage loan; and

  • Evidence that the loan proceeds were disbursed to the investor.

Source of Funds: Sale of Real Property

  • The investor must show where he or she earned the funds used to purchase the property;

  • A contract showing the investor’s purchase of the property;

  • If the investor obtained a mortgage for the initial purchase of the property, then either he or she must provide evidence of the amount of the mortgage outstanding or that the initial mortgage has been settled;

  • A real estate certificate, deed tax payment certificate, and invoices regarding the initial purchase of the property;

  • Contract for sale of the property and evidence that taxes were paid; and

  • Evidence of sale proceeds deposited into investor’s account.

Source of Funds: Shareholder Loan

Information on the Company (If the Investor was an owner or a partial owner)

  • Articles of Incorporation showing ownership, business license, tax identification certificate;

  • Proof of initial capitalization and any changes to capitalization;

  • End of year financial statements for the last 5 years (showing profit/loss and amount of undistributed income);

  • Proof of business tax payments;

  • Business brochure, website, or business card.

Shareholder Loan Documents

  • Document showing the loan terms. Note, the loan should explicitly state that it is secured by the investor’s shares in the company;

  • If there are other shareholders, the loan should contain signatures/approvals by other shareholders; and

  • Disbursement of the loan to investor.

Source of Funds: Salary and/or Savings

  • Tax returns for 5 years showing payment of personal income taxes, if applicable;

  • Employer letter on letterhead with contact information confirming: Dates of employment, Annual salary, Bonuses received;

  • Pay-stubs or bonus stubs from employer;

  • 2 years of bank statements showing accumulation of income.

Source of Funds: Gift

  • Same evidence required as described in the above scenarios, except we must prove the source of funds for the giftor (example: their ownership of land, source of funds to purchase the land);

  • Gift affidavits for the relevant parties describing the reasons for the gift and a description of the origin of the funds gifted;

  • Evidence that appropriate gift taxes were paid (if no tax is required to be paid, please provide a letter of authority explaining why payment of tax is not required);

  • Giftor’s withdrawal of funds to be gifted from bank account;

  • Giftor’s transfer of funds to be gifted (i.e. deposit slips to investor); and

  • Bank account statement for investor showing receipt of gifted funds.

Path of Funds Documentation

  • Bank statement of the investor showing full amount of investment funds prior to any transfers;

  • Investor’s bank statement and Transfer slip showing transfer of full $500K plus administrative fee to the Regional Center bank account.