# INVESTMENT VISA CONSULTANTS, LLC X-17A-5 (2025-07-17) — Broker-dealer annual report
- Company: INVESTMENT VISA CONSULTANTS, LLC
- Form: X-17A-5
- Filed: 2025-07-17
- Period: 2025-03-31
- Accession: 0001587913-25-000003
- CIK: 1587913
- File #: 8-69361
- Type: Broker-dealer
- Material weakness: No
- Auditor: Mchael Coglianese CPA, P.C.
- Auditor location: Bloomingdale, IL
- Contact: James R. Richards
- Phone: 214-533-6822
- Email: jrichards@texasbusinesscapital.net
- Website: texasbusinesscapital.net
- Signed by: Vaughan de Kirby (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1587913/000158791325000003/auditreport.pdf
---
{0}------------------------------------------------
#### UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
# ANNUAL REPORTS FORM X-17A-5 PART III
| OMB APPROVAL | |
|--------------------------|----|
| OMB Number: 3235-0123 | |
| Expires: Nov. 30, 2026 | |
| Estimated average burden | |
| hours per response: | 12 |
| SEC FILE NUMBER |
|-----------------|
| A |
8-69361
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
| Filing for the period beginning 04/01/24 | THE CHANDED A NUMEL THE SEPRINTED PACITOURE HEL OIL TJOH
AND ENDING 03/31/25 | | | | | | |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|--------------------------------|--------------------------------------------|------------------------------------|--|--|--|
| | | MM/DD/YY | | MM/DD/YY | | | |
| A. REGISTRANT IDENTIFICATION | | | | | | | |
| NAME OF FIRM: Investment Visa Consultants, LLC | | | | | | | |
| TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer __ _ Security-based swap dealer
[ Major security-based swap participant
□ Check here if respondent is also an OTC derivatives dealer | | | | | | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | |
| 2679 Glen Eagles Road | | | | | | | |
| | | (No. and Street) | | | | | |
| Lake Oswego | | OR | | 97034 | | | |
| (City) | | (State) | | (Zip Code) | | | |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | |
| James R. Richards | | 214-533-6822 | | jrichards@texasbusinesscapital.net | | | |
| (Name) | | (Area Code - Telephone Number) | | (Email Address) | | | |
| | | B. ACCOUNTANT IDENTIFICATION | | | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | |
| Michael Coglianese CPA, P.C. | | | | | | | |
| (Name - if individual, state last, first, and middle name) | | | | | | | |
| 125 E. Lake Street, Suite 303 Bloomingdale | | | 11 | 60808 | | | |
| (Address) | (City) | | (State) | (Zip Code) | | | |
| October 20, 2009 | | | 3874 | | | | |
| (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | |
\* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption See 17 CFR 240.17a-5(e)(1)(ii), if applicable.
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
FOR OFFICIAL USE ONLY
{1}------------------------------------------------
#### OATH OR AFFIRMATION
| | Vaughan De Kirby | | swear (or affirm) that, to the best of my knowledge and belief, the |
|-----------------------------------------------------------------------------|---------------------------------------|----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| financial report pertaining to the firm of Investment Visa Consultants, LLC | | | Ball Charles Charles Comments of Children Comments of as of |
| | 12/31 | | , 2 025 |
| | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely |
| | as that of a customer. | | |
| | | State of Oregon | |
| | | County of Moltnomal | Signature: |
| | | Signed or Attested Before me on the | |
| | | Sth Day of UV | 1,2025
litle: |
| | | By: Vaughan | President |
| | | Notary Signature: | |
| Notary Public
Commission Exp: 06/04/2029 | | | OFFICIAL STAMP
KATHERINE R MCKELVE |
| | | This filing** contains (check all applicable boxes): | NOTARY PUBLIC - OREGON |
| | (a) Statement of financial condition. | | COMMISSION NO. 1059318
MISSION EXPIRES JUNE 04, 202 |
| | | [ (b) Notes to consolidated statement of financial condition. | |
| | | | (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of |
| | | comprehensive income (as defined in § 210.1-02 of Regulation S-X). | |
| | (d) Statement of cash flows. | | |
| | | (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. | |
| | | (f) Statement of changes in liabilities subordinated to claims of creditors. | |
| | | (g) Notes to consolidated financial statements. | |
| | | | (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. |
| | | [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. | |
| | | | (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. |
| | | Exhibit A to 17 CFR 240.18a-4, as applicable. | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or |
| | | [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | |
| | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. |
| | | | □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR |
| | | 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | |
| | | | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net |
| | | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 |
| | | | CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences |
| | exist. | | |
| | | | □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. |
| | | | (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. |
| | | | □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| | | | (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. |
| | | | (t) Independent public accountant's report based on an examination of the statement of financial condition. |
| | | | □ (u) Independent public accountant's report based on an examination of the financial statements under 17 |
| | | CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. | |
| | | | □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 |
| | | CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | |
| | | | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 |
| | CFR 240.18a-7, as applicable. | | |
| | | | |
| | as applicable. | | |
| | | | □ (y) Report describing any material inadequacies found to existed since the date of the previous audit, or |
| | | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). | |
| | (z) Other: | | |
\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as 1 applicable.
{2}------------------------------------------------
#### **Report of Independent Registered Public Accounting Firm**
To the Members of Investment Visa Consultants, LLC
#### **Opinion on the Financial Statements**
We have audited the accompanying statement of financial condition of Investment Visa Consultants, LLC as of March 31, 2025, the related statements of income, changes in members' equity, and cash flows for the fiscal year then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of Investment Visa Consultants, LLC as of March 31, 2025, and the results of its operations and its cash flows for the fiscal year then ended in conformity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
These financial statements are the responsibility of Investment Visa Consultants, LLC's management. Our responsibility is to express an opinion on Investment Visa Consultants, LLC's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Investment Visa Consultants, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
#### **Supplemental Information**
The supplemental information which includes Schedule I and Schedule II within the financial statements has been subjected to audit procedures performed in conjunction with the audit of Investment Visa Consultants, LLC's financial statements. The supplemental information is the responsibility of Investment Visa Consultants, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information within the financial statements is fairly stated, in all material respects, in relation to the financial statements as a whole.
We have served as Investment Visa Consultants, LLC's auditor since 2023.
Bloomingdale, IL July 1, 2025
{3}------------------------------------------------
## **INVESTMENT VISA CONSULTANTS, LLC Statement of Financial Condition March 31, 2025**
### **ASSETS**
| Cash | \$
277,297 |
|---------------------------------------|---------------|
| Total Assets | \$
277,297 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Liabilities | |
| Accounts payable and accrued expenses | \$
23,130 |
| Unearned revenue | |
| Total liabilities | 23,130 |
| | |
| Members' Equity | 254,167 |
| Total Liabilities and Members' Equity | \$
277,297 |
{4}------------------------------------------------
# **INVESTMENT VISA CONSULTANTS, LLC Statement of Income For the Fiscal Year Ended March 31, 2025**
| Revenues | |
|-------------------------------|-----------------|
| Fee Income | \$
1,145,327 |
| | |
| Total Revenues | 1,145,327 |
| Operating Expenses | |
| | |
| Professional fees | 97,723 |
| Retirement plan contributions | |
| Pension administrative costs | 1,350 |
| Insurance | 40,045 |
| Technology and equipment | 44,673 |
| Other operating expenses | 17,358 |
| | |
| Total Expenses | 201,149 |
| | |
| Income before taxes | 944,178 |
| | |
| Provision for taxes | 118,500 |
| | |
| Net Income | \$
825,678 |
{5}------------------------------------------------
### **INVESTMENT VISA CONSULTANTS, LLC Statement of Changes in Members' Equity For the Fiscal Year Ended March 31, 2025**
| Balance at March 31, 2024 | \$
53,489 |
|---------------------------|--------------|
| Capital contributions | - |
| Capital withdrawals | (625,000) |
| Net Income | 825,678 |
| Balance at March 31, 2025 | \$ 254,167 |
{6}------------------------------------------------
# **INVESTMENT VISA CONSULTANTS, LLC Statement of Cash Flows For the Fiscal Year Ended March 31, 2025**
| Net income
\$
825,678
Adjustments to reconcile net income to net cash
used in operating activities:
Changes in assets and liabilities:
Increase (decrease) in accounts payable and accrued expenses
(71,139)
(Increase) decrease in accounts receivable
161,873
Increase (decrease) in unearned revenues
(161,873)
Net cash provided by (used in) operating activities
754,539
-
Cash flows from investing activities
Cash flows from financing activities
Capital contributions (distributions)
(625,000)
Net cash provided by (used in) financing activities
(625,000)
Net increase (decrease) in cash
129,539
Cash, beginning of year
147,758
Cash, end of year
\$
277,297
Supplemental Disclosures
Cash paid during the fiscal year for:
Interest
\$
-
Taxes
\$
118,500 | Cash flows from operating activities | |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--|
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
{7}------------------------------------------------
#### **NOTE 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
#### *Organization*
Investment Visa Consultants, LLC (the "Company") was organized in the State of Delaware on May 1, 2008. The Company is a registered broker-dealer in securities with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA"), both commencing on August 21, 2014. The Company is a member of the Securities Investor Protection Corporation ("SIPC") and operates as a registered business in the state of California.
The Company's business is the private placement of securities relating to the U.S. Government's EB-5 Immigrant Investor Program. The Company is not currently accepting new clients.
#### *Summary of Significant Accounting Policies*
The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
{8}------------------------------------------------
### **NOTE 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
Revenue recognition
The Company earns Fee Income from the private placement of EB-5 investments, which generally involve qualified investments in qualified real estate projects by qualified foreign citizens seeking to immigrate to the United States, all subject to criteria established by Federal legislation and regulations. The Company's private placement business requires these key operating activities among others: identify qualified foreign investors; market qualified real estate limited partnerships; perform intermediary services; and perform immigration consulting services.
The Company recognizes private placement Fee Income when the underlying transaction is completed, meaning: 1) the terms of its agreements with the investors and limited partnerships have been satisfied; and 2) formal approval has been obtained from the United States Citizenship and Immigration Services ("USCIS"), an agency of the U.S. Department of Homeland Security.
Revenue is recognized as performance obligations are satisfied over the term of the contract which is when the performance obligation is met. The Company's typical private placement is performed over five or more years. Fees of differing amounts are collected throughout this period in accordance with the specific agreement terms. The revenue recognition milestone referred to above is subject to variables that impact when it occurs during the process.
{9}------------------------------------------------
### **NOTE 1: GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)**
#### Cash
Fees are refundable as set forth in the Company's engagement agreements, generally related to USCIS denial of the investor's immigration application. As previously described in Note I, USCIS approval is a critical requirement for revenue recognition. Although not formally restricted, the Company sets aside fees collected from being used for general operating expenses until revenue recognition criteria are met. During the year ended March 31, 2025, all the immigration applications that were pending awaiting USCIS approval were, in fact, approved. Cash in escrow of \$161,873 was transferred to the Company's operating account and the deferred revenue of the same amount was eliminated
#### Taxes
The Company, with the consent of its Members, has elected to be a Delaware Limited Liability Company. For tax purposes, the Company is treated like a partnership, therefore in lieu of business income taxes, the Members are taxed on the Company's taxable income. Accordingly, no provision or liability for Federal Income Taxes is included in these financial statements. The Company is subject to the California Limited Liability Company tax, which is revenue-based.
#### Leases
The Company has no arrangements subject to ASC 842 therefore, the adoption of ASC 842 did not have a significant effect on the Company's financial statements for the fiscal year ended March 31, 2025.
#### Segment Reporting
The Company is engaged in a single line of business as a securities broker-dealer, the private placement of securities relating to the U.S. Government EB-5 Immigrant Investor Program. The Company is not presently accepting new clients. The Company has identified Vaughan de Kirby, CEO, as the chief operating decision making ("CODM") who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 9), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant policies. The company has two customers, the largest of which provided 67.7 percent of its total revenues for the year ended 2025.
{10}------------------------------------------------
#### **NOTE 2: INCOME TAXES**
As discussed in the Summary of Significant Accounting Policies (Note 1), all tax effects of the Company's income or loss are passed through to the Members. Therefore, no provision or liability for Federal Income Taxes is included in these financial statements.
The Company is required to file both Federal and State of California income tax returns. The Company's tax returns are subject to examination by taxing authorities in the jurisdictions in which it operates in accordance with the normal statues of limitations in the applicable jurisdiction. For Federal purposes, the statute of limitations is three years. Accordingly, the Company is no longer subject to examination of Federal returns filed more than three years prior to the date of these financial statements. The statute of limitations for state purposes is generally three years, but may exceed this limitation depending upon the jurisdiction involved. A provision for state taxes of \$118,500 is included on the statement of income representing a pass through entity elective tax and the applicable LLC fees.
### **NOTE 3: COMMITMENTS AND CONTINGENCIES**
#### *Commitments*
In the normal course of business, the Company could be threatened with, or named as a defendant in, lawsuits, arbitrations, and administrative claims. Such matters that are reported to regulators such as the SEC or FINRA and investigated by such regulators, may, if pursued, result in formal arbitration claims being filed against the Company and/or disciplinary action being taken against the Company by regulators. Any such claims or disciplinary actions that are decided against the Company could harm the Company's business. The Company is also subject to periodic regulatory audits and inspections which could result in fines or other disciplinary actions. Unfavorable outcomes, in such matters, may result in a material impact to the Company's financial position, statement of income or cash flows. As of March 31, 2025, management is not aware of any commitments or contingencies that could have a material impact on the financial statements.
The EB-5 Program has previously been extended several times for relatively short periods, while Congress considers reform legislation. The EB-5 Program is extended through Fiscal Year 2027 with increased minimum investments.
{11}------------------------------------------------
#### **NOTE 4: GUARANTEES**
FASB ASC 460, Guarantees, requires the Company to disclose information about its obligations under certain guarantee arrangements. FASB ASC 460 defines guarantees as contracts and indemnification agreements that contingently require a guarantor to make payments to the guaranteed party based on changes in an underlying factor (such as an interest or foreign exchange rate, security or commodity price, an index or the occurrence or nonoccurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. This guidance also defines guarantees as contracts that contingently require the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of indebtedness of others.
The Company has issued no guarantees at March 31, 2025 or during the fiscal year then ended.
#### **NOTE 5: SUBSEQUENT EVENTS**
The Company has evaluated events subsequent to the statement of financial condition date for items requiring recording or disclosure in the financial statements. The evaluation was performed through the date the financial statements were available to be issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statements.
#### **NOTE 6: RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS**
The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification ("Codification" or "ASC") as the authoritative source of generally accepted accounting principles ("GAAP") recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statements in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the ASC through the issuance of Accounting Standards updates ("ASU's").
For the fiscal year ended March 31, 2025, various ASU's issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statements for the fiscal year then ended.
{12}------------------------------------------------
### **NOTE 6: RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (CONTINUED)**
The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company's financial statements. In most cases, management has determined that the pronouncement has either limited or has no application to the Company and, in all cases, implementation would not have a material impact on the financial statement taken as a whole.
#### **NOTE** 7: **RELATED PARTY TRANSACTIONS**
The Company operates from the owners' 100% owned place of residence at no cost.
#### **NOTE 8: EMPLOYEE BENEFIT PLANS**
The Company had a 40l (k) Profit Sharing Plan and a Defined Benefit Plan ("Plan") for eligible employees. As of December 31, 2024, the Plan was liquidated with the proceeds being distributed to the participants in the amount of \$2,307,957.
#### **NOTE 9: NET CAPITAL REQUIREMENT**
The Company is subject to the Securities Exchange Act of 1934 Uniform Net Capital Rule (SEA Rule 15c3-l ), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule l 5c3-l also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on March 31, 2024, the Company had net capital of \$254,167 which was \$249,167 in excess of its required net capital of \$5,000; and the Company's ratio of aggregate indebtedness (\$23,130) to net capital was 0.09 to 1.0.
#### **NOTE 10: CONCENTRATION OF CREDIT RISK**
In the normal course of business, the Company maintains its cash balances in financial institutions, which at times may exceed federally insured limits. The Company is subject to credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on its behalf. Management monitors the financial condition of such financial institutions and does not anticipate any losses from these counterparties.
{13}------------------------------------------------
### **Schedule I**
### **INVESTMENT VISA CONSULTANTS, LLC Supplemental Information Pursuant to Rule 17a-5 March 31, 2024**
#### **Computation of Net Capital**
| Total members' equity qualified for net capital | \$
254,167 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
| Deductions and /or charges: | |
| Non-allowable assets: | - |
| Net capital | \$
254,167 |
| Total Liabilities | \$
23,130 |
| Less offsets | |
| Aggregate Indebtedness | \$
23,130 |
| Computation of basic net capital requirement | |
| Minimum net capital required | \$
5,000 |
| (greater of \$5,000 or 6 2/3% of aggregate indebtedness) | |
| Net capital in excess of minimum requirement | \$
249,167 |
| Ratio of aggregate indebtedness to net capital | 0.09 to 1 |
| There are no material differences between the computation of net capital under Rule 15c3-1
and the computation shown here as of March 31, 2025 and the net capital most | |
recently filed by Investment Visa Consultants, LLC on Form X17A-5. \$ 0.09
See Accompanying Report of Independent Registered Public Accounting Firm.
{14}------------------------------------------------
### **Schedule II**
## **INVESTMENT VISA CONSULTANTS, LLC Supplemental Information Pursuant to Rule 17a-5 March 31, 2024**
#### **Statement Regarding Reserve Requirements and Possession or Control Requirements**
The Company is exempt from SEA Rule 15c3-3 as a non-covered firm because its business activities are performing private placements of securities relating to the US Government's EB-5 Immigrant Investor Programs. As a result, the Company (1) does not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraphs (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers, and (3) did not carry PAB accounts (as defined by Rule 15c3-3).
Due to the Company's business activities, the Company is not subject to the custody and reserve provisions of Rule 15c3-3.
See Accompanying Report of Independent Registered Public Accounting Firm.
{15}------------------------------------------------
#### **Report of Independent Registered Public Accounting Firm**
To the Members of Investment Visa Consultants, LLC
We have reviewed management's statements, included in the accompanying Exemption Report of Brokers and Dealers ("Exemption Report") pursuant to SEC Rule 17a-5, in which Investment Visa Consultants, LLC did not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3, and is filing its Exemption Report as a Non-Covered Firm relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because Investment Visa Consultants, LLC limits its business activities exclusively to performing private placements of securities relating to the US Government's EB-5 Immigrant Investor Programs, and Investment Visa Consultants, LLC (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to Investment Visa Consultants, LLC); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the fiscal year ending March 31, 2025 without exception.
Investment Visa Consultants, LLC's management is responsible for compliance with the exemption provisions and its statements.
Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and accordingly, included inquiries and other required procedures to obtain evidence about Investment Visa Consultants, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 related to the Non-Covered Firm Provision.
Bloomingdale, IL July 1, 2025
{16}------------------------------------------------
# Investment Visa Consultants, LLC 14585 Larson Road Portland Oregon 97231 415-361-8521 -Email: VdK@USAIVC.com
### Assertions Regarding Exemption Provisions
We, as members of management of Investment Visa Consultants, LLC ("the Company"), are responsible for compliance with the annual reporting requirements under Rule 1 7a-5 of the Securities Exchange Act ("SEA") of 1934. Those requirements compel a broker or dealer to file annuals reports with the Securities Exchange Commission (SEC) and the broker or dealer's designated examining authority ("DEA"). One of the reports to be included in the annual filing is an exemption report prepared by an independent public accountant based upon a review of assertions provided by the broker or dealer. Pursuant to that requirement, the management of the Company hereby makes the following assertions:
The Company is exempt from SEA Rule 1 5c3-3 as a non-covered firm because its business activities are performing private placements of securities relating to the US Government's EB-5 Immigrant Investor Programs. As a result, the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3).
Due to the Company's business activities, the Company is not subject to the custody and reserve provisions of Rule 15c3-3.
The Company did not identify any exceptions to the above throughout the year ending March 31, 2025.
INVESTMENT VISA CONSULTANTS, LLC By
Vaughan de Kirby on June 17, 2025
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.