Funding an EB-5 investment with personal salary savings or business profits is common. However, more investors are now turning to less traditional funding sources, such as retirement accounts. In particular, using a Self-Directed Individual Retirement Accounts to fund an EB-5 investment has become increasingly popular. What is a Self-Directed IRA? A Self-Directed IRA is a...
Jacqueline Trevino
Many EB-5 applicants breathe a sigh of relief once they receive their Employment Authorization Document (EAD) and Advance Parole (AP). These benefits allow applicants to work and travel while waiting for a green card, but there’s an important consideration to keep in mind. Using your EAD or Advance Parole will directly impact your underlying visa...
The Social Security Administration (SSA) issues Social Security Numbers (SSNs) and cards to U.S. citizens, immigrant visa holders, and certain nonimmigrant visa holders residing in the U.S. with work authorization from the U.S. Department of Homeland Security (DHS). Applying for an SSN is free. SSNs are used for reporting earnings and taxes to the IRS,...
On November 28, 2023, the U.S. Department of State (DOS) provided updates regarding the long-anticipated pilot program for renewing visas domestically. Starting as soon as December 2023, this program will allow certain foreign nationals to renew or apply for their next visa while within the United States. Individuals residing and working in the United States...
Legal Precedent: Zhang v. USCIS (2020) Traditionally, USCIS has treated unsecured loans as unviable sources of EB-5 funds. The U.S. Court of Appeals for the D.C. Circuit, however, changed the landscape of the EB-5 program in 2020 when it concluded in Zhang v. USCIS, 978 F. 3d 1314, 1319-22 (D.C. Cir. 2020) that loan proceeds...