Chinese edition
EB-5从来不是保本产品
合格EB-5资本需要满足“处于风险中”等法定要求，因此任何无条件保本、固定时间赎回或与经营结果无关的返还承诺，都需要高度谨慎。项目可以设计风险控制，但不能把商业投资描述成政府担保的存款。
资本栈告诉你谁先承担损失
一个项目可能同时使用开发商股本、银行贷款、EB-5资金、夹层融资和其他债务。投资人需要知道每一层的金额、顺位、利率、期限和担保安排。开发商有投入不等于投入已经到账；EB-5资金有抵押也不等于处于第一顺位。
退出来源必须是可以解释的现金流
常见退出设想包括经营现金流、资产出售、住宅或商业单元销售、长期贷款置换和再融资。每一种都依赖不同假设。若退出完全依赖未来估值上涨或尚未确定的融资，应进一步检验利率、销售速度、完工延期和市场下行情景。
到期日不等于自动还款日
贷款或投资文件中的期限，只说明合同安排，并不保证到期时项目拥有足够现金。还要查看延期权、管理人裁量、投资维持期、再部署条款和多数投资人表决机制。移民法上的投资维持要求与商业文件中的退出安排也可能不是同一个日期。
移民成功与投资回收必须分开陈述
项目创造了足够就业，并不必然保证本金及时返还；项目最终偿还本金，也不必然说明每位投资人的移民证据没有问题。负责的机构应分别披露移民风险、项目风险和流动性风险，而不是用一个“成功率”覆盖所有问题。
让不同专业人士各自负责
移民律师审查资格与移民文件，证券或投资专业人士评估发行与风险，税务顾问分析跨境后果。TIHU可以组织信息和项目比较，但任何项目推荐都不应替代投资人的独立判断。
Note for applicants based in China
Applicants based in China usually also need to handle three things: keeping Chinese- and English-language documents consistent, making sure funds and income can be explained with independent documentation, and managing the gap between priority-date timing and a child's age. Any packaging that doesn't match the underlying facts creates greater risk at the RFE or interview stage.
TIHU's role and relationship disclosure
Projects, employers, attorneys or law firms, and China-based service companies may be independent legal entities. Where a resource has an affiliated or compensated relationship with TIHU, we disclose it in writing before any engagement.
Legal judgment and legal documents are the responsibility of a licensed attorney acting within an actual engagement. TIHU does not provide legal advice and does not promise any approval outcome.
Official sources
This article is general educational content and does not constitute legal, investment or tax advice. Tax matters should be assessed for your specific situation by a licensed U.S. tax attorney or CPA.