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Can I get my EB-5 visa if there are money transfer limits?

Can I still get an EB-5 visa if my home country limits the amount of money that can be transferred abroad? Are there ways around this?

Answers

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    Julia Roussinova

    Immigration Attorney
    Answered on

    Yes, you can. You should consult a local attorney in your home country to properly structure transfers. Often people use trusted friends or family members, or third parties to transfer funds. It is necessary to document the transfers from source to a target investment in the US with bank statements and affidavits. Please do not hesitate to contact us for guidance and assistance.

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    Lei Jiang

    Immigration Attorney
    Answered on

    Yes. China has such limitation but most EB5 investors are Chinese. There are several ways to do this. You need to consult an EB5 immigration broker.

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    Larry J Behar, Esq

    Immigration Attorney
    Answered on

    Many countries around the world have currency restrictions. I''m afraid that you will have to deal with those issues individually. The United States government will require an amount no less than $500,000 or $1 million to qualify for the EB5 program.

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    Jeffrey E Campion

    Immigration Attorney
    Answered on

    Yes, you can. But, you must follow the laws when you do so. This is done often from China.

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    Rakesh Mehrotra

    Immigration Attorney
    Answered on

    Yes it is possible to get around the money transfer limits. Most countries have money transfer limits. One possibility is to have another person transfer money on your behalf and you pay that person back in your country. However it is important to keep proper documentation of this transaction.

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    Roberto Ortiz

    Immigration Attorney
    Answered on

    Good Morning! I hope all is well. Depending of the country that you are from there are ways of transferring the amount of money needed for the EB-5. If you have any other questions, please do not hesitate to contact me. Thank you.

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    Kenneth Byrd

    Immigration Attorney
    Answered on

    The EB-5 requirements for the initial investment remain the same, regardless of any limitations imposed by your banking system in your home country. Every has its unique rules, and therefore legal and effective ways to send the money outside the country. I happen to be familiar with correct ways to send money abroad from China. Is this the country you are from? If so, we can be helpful to you. Please call my office to arrange a conference call or visit us in Los Angeles, CA.

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    Philip H Teplen

    Immigration Attorney
    Answered on

    Transfer restrictions could be a problem as funds or the equivalent in assets/inventory must be transfer. Do you have funds in another country? How much can you transfer at a given time. The law does not require the entire investment to be done at one time.

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    Yes. You can consult with your immigration attorney to come up with a solution.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    Usually, the limitation on the amount to be transferred is per person, per year. Thus, many EB-5 investors have utilized families and friends to wire the funds if their country has the currency restrictions.

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    Mona Shah

    Immigration Attorney
    Answered on

    Yes, many countries have money restrictions. There are ways to get around this, such as a loan from a third party outside of the country. I suggest you contact an experienced EB5 attorney to assist you.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    Several countries have money transfer restrictions, however, there are ways around it in most cases. In order for you to participate in the EB5 program you will need to have the minimum amount.

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    Kate Kalmykov

    Immigration Attorney
    Answered on

    You should consult with local counsel regarding the optimal way to structure a transfer of funds outside of your home country in compliance with local laws.

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    J Elle Cox

    Immigration Attorney
    Answered on

    That''s an issue of financial laws in your home country. Of course, if you cannot transfer the funds to the investment in the U.S., you won''t be able to make application for an investment visa. Some countries have specific Foreign Exchange Banks who are well-versed in international transfer protocol. If that is the case in your country, they would have the best information for you.

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    Alice H Sun

    Immigration Attorney
    Answered on

    Yes, you can.

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    Steven Anapoell

    Securities Attorney
    Answered on

    Yes, there are ways around expatriation issues. You need to consult with appropriate counsel for guidance. My colleague Kate Kalmykov is very good at this.

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    Neville M Leslie

    Immigration Attorney
    Answered on

    If you are able to transfer the necessary funds, you will not have a problem. You need to find a way to the money out.

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Many countries such as Iran, China, Vietnam and others, regulate the outward flow of capital of its citizenry. Capital export restrictions relate to the laws of your home country and not the United States. Your EB-5 petition will not be affected if you have transferred in excess of the annual capital allowance of your home country. However, no US attorney can advise you on how to circumvent the law, whether it be U.S. or otherwise. For further information please contact Rahbaran & Associates.

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