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?
Answers
Ed Beshara
Find the Best EB5 Visa LawyersPersonal investment funds sourced from lawful sources can be used in an EB-5 project regardless of the location of the source of funds.
Oliver Huiyue Qiu
Find the Best EB5 Visa LawyersLottery, 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.
John J Downey
Find the Best EB5 Visa LawyersAs 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.
Salvatore Picataggio
Find the Best EB5 Visa LawyersAny 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.
Sufen Hilf
Find the Best EB5 Visa LawyersThe 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.
Lynne Feldman
Find the Best EB5 Visa LawyersAs 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.
Ian E Scott
Find the Best EB5 Visa LawyersFunds 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.
Kyle Barella
Find the Best EB5 Visa LawyersYes, 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.
Matthew Kolodziej
Find the Best EB5 Visa LawyersYes, these funds may be suitable. The funds must be from a lawful source. The funds may be transferred to the regional center from abroad.
James Cai
Find the Best EB5 Visa LawyersYes, of course, so long as the lottery winning is legal and you keep a good paper trail.
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