The EB-5 program is a powerful tool for foreign nationals seeking a green card through investment in the United States. As you explore this path, questions about eligible investment sources are sure to emerge. Among these inquiries, a common one is, "Can I use money coming from funds in a joint account for EB5 Investment?" In this post, we provide a thorough understanding of the topic. Get expert guidance with EB5 Global Ventures.
What Is the EB-5 Program?
The EB-5 program requires a minimum investment of $800,000 in a USCIS-approved commercial enterprise located in a targeted employment area (TEA) or $1,050,000 outside a TEA. This investment must create or preserve at least 10 full-time jobs for U.S. workers.
Eligibility for an EB5 investment entails meeting stringent requirements, including demonstrating the lawful sourcing of investment capital. Compliance with The U.S. Citizenship and Immigration Services (USCIS) regulations and thorough documentation of the source of funds are essential components of the application process.
The Use of Joint Account Funds in EB5 Investment
Joint account funds can be used for EB5 investments, offering a viable avenue for investors. However, it's important to note that joint accounts must be jointly owned solely by the applicant and their spouse. Funds from joint accounts with other family members are not eligible for EB-5 investment.
Get Expert Help With EB5 Global Ventures
At EB5 Global Ventures, we stand ready to assist investors at every stage of the EB5 journey. Our experienced team, including knowledgeable EB5 visa lawyers, provides personalized guidance, ensuring adherence to USCIS regulations and facilitating a seamless application process. Our team can advise you on utilizing various financing options, including joint account funds, to meet the requirements for the investor visa. Additionally, we work closely with EB5 regional centers to help you navigate the complexities of the program and ensure that the money coming from funds is properly documented for your EB5 visa application.
Ready to explore the EB-5 program? Contact us today to schedule a consultation and discuss your eligibility.