If somebody living outside his home country wins a lottery or amount out of a draw in a promotion, will these funds be considered suitable for an EB-5 investment? Can the funds be transferred to the regional center account directly from the foreign country?
Personal investment funds sourced from lawful sources can be used in an EB-5 project regardless of the location of the source of funds.
Lottery, as long as it is publicly held and legitimate without any signs of foul play, is considered lawful source of income. Therefore, the earnings from a lottery draw could be used as a source of lawful investment for EB-5 purposes. As for the route, it could be transferred directly from the foreign country where such lottery is held to the regional center, provided the investor also qualifies as an accredited investor under Reg D or is exempted from such.
As long as you can show the funds were obtained legally, there should be no problem. Transfer of funds depends on the laws of your country.
Any legally obtained funds (like a state or country sponsored lottery or contest, or perhaps a private contest with proper authentication) could be the basis for the EB-5 investment. This area is complicated so retaining U.S. immigration counsel is critical.
The fund can be used for EB-5 purpose if the receiving of the lottery fund in that country is legal for the investor, and if the fund is under the name of the EB-5 investor''s name who has complied with the laws of the country.
As long as you can show the funds were acquired lawfully they can be used. Living outside the United States is the norm and is not a problem for an EB-5 investor.
Funds obtained from winning a lottery may be used for an EB-5 investment. For the source of funds documentation, you would provide proof that you won the lottery and the transfer of the money to your account. Funds can be transferred to the regional center from any country as long as the funds come from your personal account.
Yes, lottery winnings - provided they come from a lawful source - may be used to make an EB-5 investment. You may also transfer money from a foreign country to a regional center.
Yes, these funds may be suitable. The funds must be from a lawful source. The funds may be transferred to the regional center from abroad.
Yes, of course, so long as the lottery winning is legal and you keep a good paper trail.
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