Is it necessary to present the entire $800,000 as proof of funds before initiating the EB-5 process? Currently, I have $300,000 in savings and an annual W2 income of $600,000. This income enables me to accumulate the remaining $500,000 needed for the EB-5 within a 24-month period. Can I use my anticipated future earnings as part of the phased-in direct EB-5 application?
Answers
Lynne Feldman
EB-5 Immigration attorneysUnfortunately, no. It will need to be actually invested when you file the I-526.
Bernard P Wolfsdorf
EB-5 Immigration attorneysThis would be extremely risky and likely to fail because the income is not earned-if you have assets maybe you can mortgage them.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.