Questions and Answers > EB-5 Investments

Can I use the money earned from my gambling company for my EB-5 application?

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 Attorney

  Answered on March 2, 2020

  Provided it is legal where earned and legal in the U.S., you should have no problem.

• Robert West

  Immigration Attorney

  Answered on February 28, 2020

  You should be able to use the income as long as the income is well documented.

• Fredrick W Voigtmann

  Immigration Attorney

  Answered on February 28, 2020

  As 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.

• Stephen Berman

  Immigration Attorney

  Answered on February 28, 2020

  I do not see any problem with doing that.

• Dale Schwartz

  Immigration Attorney

  Answered on February 28, 2020

  I believe you can do it.

• Lynne Feldman

  Immigration Attorney

  Answered on February 28, 2020

  As long as it is legal where it is earned, it should be fine.

• Jimena G Cabrera

  Immigration Attorney

  Answered on February 28, 2020

  Yes, you can use the money earned from a gambling company. There are no restrictions as long as it is legal.

• Phuong Le

  Immigration Attorney

  Answered on February 28, 2020

  If 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.

• Salvatore Picataggio

  Immigration Attorney

  Answered on February 28, 2020

  As 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.

• Belma Demirovic Chinchoy

  Immigration Attorney

  Answered on February 28, 2020

  While 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.

• Jan Pederson

  Immigration Attorney

  Answered on February 28, 2020

  Yes, you can. You will need documents that business is legal and you obtained funds lawfully.

• BoBi Ahn

  Immigration Attorney

  Answered on February 28, 2020

  As 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.