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How can a Chinese investor transfer funds more efficiently?

How can a Chinese investor transfer funds more efficiently as we have limitation of fund transfers? Is it okay to have friends or family to transfer funds for me? What type of professional should I speak to about this?

Answers

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Many Chinese investors use their family and friends for more effective transfer of funds.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    This subject to Chinese law, and you would be advised to talk to experienced migration agents and accounting firms that are sourcing the funds.

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    It is acceptable to use friends and family to transfer funds in installment manner. In the situation in China, check with your local banker where the transfers will be originated to ensure you comply with the Chinese law purposely to avoid the appearance of money laundering. Also, ensure that the handling bank in the United States, which will handle the transfers, understands the transfers are for EB-5 purposes. Last, but not the least, if you plan to invest with a regional center (RC), it is advisable the RC is aware your money will be transferred in installment manners as you suggested. This will avoid any unnecessary dispute, particularly with USCIS, relating to the issue of whether your money is coming from lawful sources or product of illegal transfers/money launderings.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    You should speak to an immigration attorney with experience in the EB-5 program (like our law firm), as the EB-5 process is at its core an immigration process above all else. In our experience with Chinese investors, family and friends are often asked to help with the transfers. Our role is to ensure you are properly documenting these transfers so that they comply with USCIS rules, regulations and policies regarding the authentic source of funds.

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    Vaughan de Kirby

    Immigration Attorney
    Answered on

    Speak directly with your bank in China. We work with several banks that offer elite customers the opportunity to transfer funds easily.

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    Rohit Kapuria

    Immigration Attorney
    Answered on

    Yes, utilizing friends and family is usually the best path. Prior to transferring your funds, however, I encourage you to retain a good immigration attorney who can review your source of funds and determine whether it will be compliant with current USCIS standards.

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    Ed Beshara

    Immigration Attorney
    Answered on

    You need to first retain the services of an experienced EB-5 attorney who has expertise in representing Chinese investors. USCIS has accepted certain types of transfers of the Chinese investors' personal funds out of China as long as the transfer of funds is in compliance with laws of China and the United States.

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