Questions & Answers

How can a lawful EB-5 investment be made from Bangladesh?

I am a Bangladeshi citizen and have been doing business here for the last decade. The tax structure here is not authentic, and although I could obtain the $500,000 needed for an EB-5 investment, that amount is not available in my tax file. Furthermore, fund transfers from Bangladesh are not allowed. What is the best way to make a legal fund transfer happen from Bangladesh?

Answers

• Fredrick W Voigtmann

  Immigration Attorney

  Answered on January 27, 2015

  There are other countries where the tax structure and recordkeeping are less than ideal, but EB-5 investments can still be completed under the right circumstances. These are obstacles to be evaluated by your legal counsel, who should advise you whether or not EB-5 is right for your situation. You should consult with an experienced immigration attorney who can advise you of all of your immigration options, not just EB-5, and if EB-5 is right for you, the advice would contain how to document your lawful source and path of investment funds from your home country to the EB-5 project in the United States.

• Ian E Scott

  Immigration Attorney

  Answered on January 15, 2015

  You will have to comply with the laws of your country when you transfer over EB-5 funds. You could perhaps look in to hiring a local attorney that could explain the lawful ways of getting money out of the country.

• John J Downey

  Immigration Attorney

  Answered on January 15, 2015

  You will have to find an international financial institution that might be able to offer alternatives.

• Oliver Huiyue Qiu

  Immigration Attorney

  Answered on January 15, 2015

  Given our past experience working with Bangladeshi investors, it should be possible to utilize a middleman for such transfer. As long as each step is carefully documented, it should meet EB-5''s requirement for lawful source of funds.

• James Yang

  Immigration Attorney

  Answered on January 15, 2015

  Your question requires a specific analysis of your personal details. Consultation with an experienced EB-5 immigration attorney may be necessary. Nevertheless, based on our experience, tax filings are helpful but may not be absolutely necessary in establishing an investor''s lawful source of funds.

• Salvatore Picataggio

  Immigration Attorney

  Answered on January 15, 2015

  There are many ways to authenticate funds other than tax returns. We work with clients from countries with limits on transfers, and have developed strategies for lawful transfers of funds for the EB-5 investment. Due to the complicated nature of this process, retaining a qualified EB-5 attorney is essential.