Receiving an inheritance can often be an overwhelming situation to maneuver because many inheritances, whether stocks and bonds, real estate, or monetary funds, are received only once a loved one has passed away. While navigating the passing of a family member or friend can be incredibly difficult, it is important to ensure that the inheritance received is not mismanaged or spent recklessly. For potential EB-5 visa investors, investing their inheritance is often the best course of action as it serves as a way to use their acquired funds to secure a better future for themselves and their families.
EB-5 funds can be gathered from any number of sources once the funds are obtained legally and lawfully and can be verified as such. An inheritance can be used towards the required EB-5 investment and the right regional center will work with potential EB-5 investors to ensure that the funds are eligible for use. These eligibility requirements are based on the stipulations outlined by the U.S. Citizenship and Immigration Services (USCIS). Investing in an EB-5 program is largely beneficial to someone desirous of immigrating to the United States, but who cannot do so through employment or familial immigration.
Even if a potential EB-5 investor has the opportunity to immigrate through traditional means, the EB-5 investor visa is currently the quickest way for a foreigner to obtain a United States green card and permanent residency. Once it has been decided that an inheritance will be used for EB-5 investment, it is important to find a regional center that will aid you in choosing an EB-5 project that is best suited for you.
Along the same vein as inheritance, personal gifts from family members or friends are also acceptable sources for the EB-5 investment. Just as with the other acceptable forms of funds, personal gifts must be vetted and verified to have been received rightfully by the receiver and obtained lawfully by the giver. It is important when using personal gifts for EB-5 that as many financial records as possible are available and easily accessible for review by the regional center and USCIS. Personal gifts are often slightly more difficult to verify, as they are given to the receiver without responsibility for repayment, which may cause further investigation into why and how the funds were obtained – especially if the monies received are of a substantial amount.
If you are interested in exploring other ways in which the EB-5 investment funds can be sourced, click here to read up on how business revenue can be utilized for your EB-5 investment.