U.S. Citizenship and Immigration Services (USCIS) will host a teleconference on February 26, 2015 at 1:00 pm (EST). The teleconference is part of USCIS’ new EB-5 Interactive Series: Requests for Evidence on Lawful Source of Funds for Investment.
The focus of dialogue for the teleconference will be issues that concern documenting the lawful source of funds that an EB-5 investor uses for their capital investment in their I-526 filing. The discussion will include prevailing reasons why I-526 petitioners receive requests for evidence (RFE) and the types of evidence that are useful to submit for a solid I-526 petition. Participants will have the opportunity during the teleconference to discuss their experiences in proving the lawful source of funds for their capital investment and potential RFEs they may have commonly received.
Specifically, in the invitation to the teleconference, USCIS highlights that this topic is important as it relates to the Immigration and Nationality Act (INA) section 203(b)(5) and Title 8 of the Code of Federal Regulations (8 CFR) section 204.6(e), which state: “any assets acquired directly or indirectly by unlawful means, such as criminal activity, will not be considered capital pursuant to the INA.” Additionally, USCIS highlights 8 CFR section 204.6(j) and Matter of Ho, which state: “a petition must demonstrate by a preponderance of the evidence that the petitioner’s capital was his or her own and was obtained through lawful means.”
Generally, these engagements begin with an introduction of the participating members from USCIS on the call. Next, USCIS ordinarily discusses both the current status of and future developments for the EB-5 program. Then USCIS outlines, in detail, the framework for the call. Upon the participating members concluding their overarching discussions, the phone line opens for participating stakeholders to direct questions to USCIS within the realm of the teleconference’s topic (demonstrating lawful source of funds for capital investment).
In order to register for the event, please visit the registration page. Upon submitting your email address on this page, select ‘Subscriber Preferences’ and navigate to the ‘Event Registration’ tab. Once here, you will be prompted to answer several questions, and then you may submit your registration.
If you do not receive a confirmation email within two business days, or if you have any questions about participating in the teleconference, please email [email protected].