I have Bangladeshi friends and family members who want to apply for EB-5 visas. However, money cannot be transferred out of Bangladesh other than for import, student or medical purpose. Due to this restriction, most of the transactions happen under the table with little documentation, and even if taxes have been paid, the government completely disallows taking money out of the country. How can a Bangledeshi citizen apply for an EB-5 visa with these fund restrictions?
You should contact an experienced EB-5 immigration attorney who may be able to advise you on the details of these matters. Many countries, including China, have similar restrictions on sending foreign currency abroad. Therefore, an attorney can suggest some options that you can pursue in your own country to comply with U.S. immigration laws with respect to the lawful source and path of your investment funds.
You would still be required to demonstrate a lawful source of funds. Please contact an experienced EB-5 immigration attorney to discuss the options for transfer of the funds and a lawful source of funds issue.
This is certainly an interesting question. While the transfer may be done under the table, we need to prove the source of funds; as such, it does not matter how the funds are transferred, provided you can source the funds.
It will be difficult and they may need to transfer the money to another country or wire from a business account to a business account.
