An investor from China is having a problem transferring funds to the U.S. for his EB-5 investment. He is exploring the possibility of securing a loan from a source outside of China and having the funds sent to the investment project. Can you provide any suggestions or guidance on how to transfer money out of China? Can he use a loan from outside of China?
Answers
Fredrick W Voigtmann
Immigration attorneysTry the Bank of China. They are now allowing one time transfers.
Salvatore Picataggio
Immigration attorneysLoans can be an acceptable source of funds, but remember that a personal investment must be made, not an investment on your behalf. Retaining experienced EB5 counsel will help authenticate the source of funds, qualification for the loan, or whatever else the investor plans to use for the investment.
Kyle Barella
Immigration attorneysDue to currency restrictions within their country, Chinese investors often use intermediaries to transfer money to the U.S. Please contact a qualified EB-5 attorney to assist you in the process.
Vaughan de Kirby
Immigration attorneysMany banks in China can now facilitate the transfer. You should speak with your attorney with regard to this matter.
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