Are promissory notes considered capital for purposes of the EB-5 immigrant investor program?
Answers
Brandon Meyer
Find an EB-5 Visa Lawyer: Immigration AttorneyPromissory notes are acceptable as a capital contribution, provided that the promissory note meets the requirements outlined in Matter of Izummi. From a practical perspective, promissory notes should be avoided.
Reza Rahbaran
Find an EB-5 Visa Lawyer: Immigration AttorneyUnder the provisions of the EB-5 rules this is acceptable. However in recent years USCIS has been reluctant to accept this unless the note is secured against assets in the United States. In short, the assets must be reachable.
Boyd Campbell
Find an EB-5 Visa Lawyer: Immigration AttorneyIf the promissory note is secured by your personal assets, yes. But please do not pursue an I-526 petition if there is no likelihood that you can come up with the balance to invest.
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