Reza RahbaranImmigration Attorney
The proceeds from your real estate sale may be used as an EB-5 investment. Thorough documentation of ownership of the property sold and all related transactions of the sale must be provided. Assuming the sale of the UAE property exceeds $500,000, it will not be necessary to transfer funds from Sri Lanka provided that the funds to purchase the property were earned in your 14 years living in UAE. Transferring money from countries that have capital export restrictions are challenging. It often involves sophisticated currency exchange network, otherwise known as Hawala. It is paramount that when utilizing such methods of transfer, the correct documentation be collected.