Answer Yes, gifted funds can be used for purposes of an EB5 investment. If any gift tax is owed, it would need to be paid, and the gift giver would need to provide documentation to show the lawful source of the funds being gifted. (14.Jun.2023)Sheela Murthy...
Today, the U.S. Department of State (DOS) released the July 2023 Visa Bulletin. The most notable change in the latest visa bulletin is further retrogression in the employment-based, third preference (EB3) category. All cutoff dates listed refer to those in the final action chart (i.e.,...
Today, the U.S. Department of State (DOS) released the June 2023 Visa Bulletin. Most cutoff dates in the employment-based categories remain unchanged. All cutoff dates listed refer to those in the final action chart (i.e., Chart A), unless otherwise specified. Visa Bulletin Summary Employment-Based, First Preference (EB1)...
Answer Using money lawfully earned in the U.S. is perfectly fine for an EB5 investment. (03.May.2023)Sheela Murthy and other senior attorneys provide guidance that clarifies the law. For information on our FREE online services, click here. Access more FAQs here. Copyright © 2023, MURTHY LAW FIRM. All...
The concept of priority dates is confusing for many. There are statutory limits to the number of foreign nationals who may be granted permanent residency (commonly, green cards) under all employment-based (EB) and most family-based (FB) categories. For these types of green card cases, priority...
Answer Based on the EB5 Reform and Integrity Act of 2022, which was signed into law in March 2022, the EB5 program in the visa bulletin is now separated into four categories: (1) Unreserved, (2) Rural Set Aside, (3) High Unemployment Set Aside, and (4) Infrastructure...
This afternoon, the U.S. Department of State (DOS) released the May 2023 Visa Bulletin. All cutoff dates listed refer to those in the final action chart (i.e., Chart A), unless otherwise specified. Visa Bulletin Summary Employment-Based, First Preference (EB1) Category There is no movement in the EB1 category,...
Today, the U.S. Department of State (DOS) released the April 2023 Visa Bulletin. All cutoff dates listed refer to those in the final action chart (i.e., Chart A), unless otherwise specified. Visa Bulletin Summary Employment-Based, First Preference (EB1) Category There is no movement in the EB1 category, with...
The U.S. Department of State (DOS) has released the March 2023 Visa Bulletin. There is very little movement in the employment-based categories from the previous month. Worse still, in the visa bulletin, the DOS cautions that higher-than-expected demand in several categories may force additional retrogression...
The U.S. Citizenship and Immigration Services (USCIS) recently announced it will significantly extend the validity period of a green card belonging to a conditional permanent resident (CPR), when the CPR files a petition to remove conditions on residence (form I-751) or a petition by investor...
