EB5 investment visa
Question details
For EB5 investment visa, can one of my relative living in USA gift me the $500K required to invest in a "targeted employment area"
I do not see why not. But check with a CPA about gift tax.
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EB-5 $1Million investment in troubled business
We were retained by a client who was in USA on B-2 status and wished to apply for green card through EB-5 investor/entrepreneur category. We obtained a B-2 extension and simultaneously filed the EB-5 petition. Client was in the process of investing $1 Million in an existing business. $500,000.00 of the investment was in the form of cash (some portion of which was gift money) and for the remaining $500,000.00, a promissory note was executed and secured by foreign personal assets of client.
Green Card
USCIS Releases Draft Policy Memo On EB-5 Adjudications
USCIS draft Policy Memo On EB-5 Adjudications addressing certain foundational issues in the EB-5 program. This draft memo is a work in progress and is not operative until it is published and in final form.
Please check the attachment.