One of the most common questions in relation to the EB-5 investors visa is whether a foreign national could save money in a US bank account while in the United States on a Student or Work visa and use these funds to enter into the EB-5 visa program?
In short, yes, this is possible. Funds earned through any legal means can be used for the investment into the EB-5 investment program. If the funds were deposited into an account inside the United States while they were being earned, the potential investor could have an advantage.
The reason is that the step of trying to decide the ideal way to transfer money into a US account will have been eliminated.
For a number of documents that are used for the EB-5 process, source of funds translation is one of the most important steps. However, for documentation of funds and other transactions taking place in the US, these documents will already be in English.
It is also an advantage when producing documents for the I-526 petition. For the petitioners who have received documents while living in the US such as tax returns and bank statements, it will be easier to verify these documents.
We recommend that potential EB-5 investors should always seek the assistance of an experienced immigration and EB-5 investors attorney.