I own a gambling company in my home country. It is a legal business and I pay taxes as stipulated by the law. Could there be any issue with this type of source of funds when I apply for EB-5?
Answers
Bernard P Wolfsdorf
Immigration attorneysProvided it is legal where earned and legal in the U.S., you should have no problem.
BoBi Ahn
Immigration attorneysAs long as the business operation is legal and paying taxes in the country where it is in operation, the funds should be considered from lawful sources for EB-5 purposes.
Jan Pederson
Immigration attorneysYes, you can. You will need documents that business is legal and you obtained funds lawfully.
Belma Demirovic Chinchoy
Immigration attorneysWhile restricted, gambling is legal under U.S. federal law. It seems it is legal in your country of origin. Your attorney will review all documents and conduct due diligence but it is likely a lawful source of the money.
Salvatore Picataggio
Immigration attorneysAs long as it is lawfully earned and tracked, and you have the authority to take such a withdrawal from the company, it could be OK.
Phuong Le
Immigration attorneysIf the business is legal in your country, including gambling, then it should be acceptable. Although USCIS may understandably question whether your gambling income is legal, several countries allow you to incorporate and operate a gambling business, including Cosa Rica, Macau, and Gibraltar. Obviously you will have to show that your gambling company is legally allowed to operate in your country, including business licenses, permits, tax returns showing money earned and taxes paid, etc.
Jimena G Cabrera
Immigration attorneysYes, you can use the money earned from a gambling company. There are no restrictions as long as it is legal.
Lynne Feldman
Immigration attorneysAs long as it is legal where it is earned, it should be fine.
Fredrick W Voigtmann
Immigration attorneysAs long as it is a legal business and everything can be documented in terms of the source and path of your funds, gambling proceeds can be considered a valid source of funds for EB-5 purposes.
Robert West
Immigration attorneysYou should be able to use the income as long as the income is well documented.
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