Approval of EB-5 Petition for Foreign InvestorPublished: Friday, October 18, 2013
Our firm had the pleasure of representing a foreign investor who invested a substantial amount of money in a transportation business in the United States. Because we were able to show that the business was located in targeted employment area, the investor only had to show $500,000 of an investment to qualify for permanent residence. Unfortunately, because the business was established more than a decade ago, the investor did not have readily available records to prove that the initial investment funds were obtained from a lawful source. We worked diligently with the investor to review all available records and to prepare affidavits detailing the source of the funds. We also provided a thorough analysis of the EB-5 regulations addressing the "lawful source of funds" requirement. In the end, we were able to successfully show that our investor met the requirement even with limited evidence available.