October-28-2022
EB-5 QUESTION OF THE WEEK: CAN FUNDS FROM SALARY SAVINGS BE USED FOR AN EB-5 INVESTMENT?
Yes, funds derived from salary savings may be used to satisfy the minimum capital contribution requirement of the EB-5 Immigrant Investor Program.
By participating in the EB-5 program, foreign nationals can obtain the United States Green Card by investing $800,000 in a government pre-approved real estate project in the U.S. This government immigration program requires that both the source and path of funds used for the capital investment be lawful.
Many EB-5 applicants use their salary savings for the purpose of their EB-5 investment. The following is a list of documentation required to demonstrate the lawfulness of funds derived from salary savings.
1. Tax returns (if applicable, based on the jurisdiction of the EB-5 applicant)
2. Letters from the EB-5 applicant’s employer on company letterhead with contact details, confirming the following details: (a) dates of employment, (b) position(s) of the employee, (c) annual salary, and (d) bonuses received
3. Paystubs / salary slips
4. Employment contracts
5. Personal bank statements for the past five years showing accumulation of salaries
6. Business card of the investor
7. CV / resume of the investor
As the documents required vary on a case-by-case basis, the above is a non-exhaustive list of required documents to demonstrate the source of funds in relation to salary savings.
With over ten years of experience in the EB-5 industry, we are ready to assist you with your U.S. golden visa application. If you are interested in finding out more about the EB-5 program and its source of funds requirements, contact our team today for a free consultation.