How can a student on an M-1 visa make an EB-5 investment? - EB5Investors.com

How can a student on an M-1 visa make an EB-5 investment?

Hi, I am from Brazil and I am currently in the United States with an M-1 visa. I will have the investment money for an EB-5 visa from the selling of two screenplays that I wrote, but I want to know if I am breaking the law by doing this. Would having written and then selling the screenplays be considered work? Would I be breaking the law by selling a script while on a student visa? Will there be a problem when I show the source of the money for my EB-5 visa?

Answers

Fredrick W Voigtmann

Fredrick W Voigtmann

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

Selling a script is likely not unauthorized employment in the United States. You should consult with an experienced immigration attorney to make sure before you decide whether or not to use these funds as your EB-5 capital investment.

Barbara Suri

Barbara Suri

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

It is my opinion that you can make an EB-5 investment with funds earned by the sale of your screenplay.

Salvatore Picataggio

Salvatore Picataggio

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

I understand your concern, but I would want to review more details about how and when you prepared and sold these screenplays. Current U.S. status aside, selling the screenplays can be an acceptable source of funds provided there is documentation to prove the sale and the price paid was reasonable.

John J Downey

John J Downey

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

You should seek some answers from an attorney/tax specialist. Was the work produced in the United States and sold here while you were in M-1 status? You may be allowed to obtain funds from the sale of artistic work, I am not sure. You should seek the tax attorney&#39s expertise.

Olga Karasik

Olga Karasik

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

Generally speaking it will not be a violation of your current status to enter into an agreement to sell rights for your screenplays. However, if you are selling your screenplays for substantial amounts, and have some other previously successful creative projects, you might be able to successfully apply for a green card based on EB-1 "extraordinary ability in arts," and avoid EB-5 altogether. EB-1 is less costly and has a shorter processing time.

Jinhee Wilde

Jinhee Wilde

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

M-1 is issued usually for vocational studies and for 1 year at a time up to 3 years. Like F-1, you may not work, including earning money as self-employed. Your writing scripts and selling could be seen as a self-employment. After you have successfully completed your studies, however, you can be approved for a period of paid (or unpaid) practical training, up to six months. U.S. Citizenship and Immigration Services (USCIS) calculates the number of months based on how long you have been studying: you will get one month of work permission for every four months of full-time study. Thus, if your studies are completed and you have obtained the work authorization before selling your script, then it would not violate your status. However, whether you have violated your status will impact whether you may adjust your status from M-1 to EB-5, not whether your funds are legally obtained for the purpose of meeting the EB-5 requirement. I would suggest that you consult an experienced immigration attorney to map out what, when and how you could do certain things so that you do not inadvertently create problems for yourself.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.