This Video aims to educate EB-5 investors on how to document their source of funds and avoid common mistakes which may result in delays or denials. Documenting the source of funds is one of the most important steps in the EB-5 Visa process.
It is highly recommended that EB5 investors work with an experienced EB5 attorney to document their source of funds. At the time of adjudication of the application for a conditional green card or form I-526E, United States Citizenship, and Immigration Services or USCIS focuses on two main things, the business plan of the project and the source of funds of the EB5 investor. If the narrative of the source of funds is found lacking in any way, USCIS issues a request for evidence (RFE) or notice of intent to deny (NOID) or, worse, a denial.
To qualify for an EB-5 visa, applicants must clearly demonstrate that the funds were earned and accumulated legally and transferred to the United States in a legal manner.
Different sources of funds could be used, such as:
- sale of property
- loan against property
- loan against an investment portfolio
- inheritance
- unsecured loan
- gift
- professional or business income.
The video also highlights the potential money transfer issues that resident Indian EB5 investors may face.
Timecodes
00:00 Introduction: Golden Gate Global industry experience
00:44 Disclaimer
01:18 Sources of Funds, money transfers, and Laws for Indian EB-5 Investors
02:11 Sale of property as a source of funds
02:32 Evidence of the source of funds for acquiring the property
03:19 Documentation of the inheritance sources
03:44 Gifted properties
04:20 Court-awarded properties
05:18 Documenting factors of property appreciation
06:39 Sales documentation
07:20 Mistakes with loans against property
07:57 Unrestricted loan sanction for EB-5 visa
09:46 Professional income as a source of funds
12:25 Business income as a source of funds
13:28 Remittance Considerations for Indian Investors
16:04 Golden Gate Global - Regional Center
