I am the 100% equity owner of a Canadian firm that has majority of the funds I have identified for the EB-5 investment. I also intend to avail a small corporate loan to make up the small balance. My question is, how can I move the funds from inside the corporate shell to an investment in an eligible Regional Center? I do not want to issue myself dividend because of the massive tax incidence it will have. I also do not want to make a direct investment via a US subsidiary because of the hassle of proving job creation, etc. If I avail a corporate loan, does it have to be secured by my equity interest in the corporation?
Answers
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyGet a loan from the corp.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyYou may need advice from a Canadian business attorney on how to do this best for tax consequences. For EB-5 program, they will just want proof of the legal source of your funds so want the complete trace of where they started and ended.
Robert V Cornish Jr
Securities AttorneysYou will need to consult with a tax attorney in Canada, but the easiest way to do this is to have your company loan you the money and have a note in place to pay interest and principal back.
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.