Today, the U.S. Department of State (DOS) released the October 2023 Visa Bulletin, which is the first visa bulletin of fiscal year 2024. As expected, there is movement in most of the categories. All cutoff dates listed refer to those in the final action chart...
Answer No. What you are proposing generally would not work. If you wish to fall under one of the new EB5 sub-categories (e.g., EB5 set aside; rural), you would need to make a new $900,000 investment and then file an I-526 petition (or I-526E petition, if...
Citizens of India, who are interested in applying for a green card via the EB5 immigrant investor program, are racing to transfer money to the U.S. before a new Indian remittance tax takes effect on October 1, 2023. The tax hike on most remittances sent...
Earlier this year, the U.S. Department of State (DOS) updated the guidance for how consular officers should determine whether a misrepresentation made by a foreign national is to be considered "material." Under the Immigration and Nationality Act, if a foreign national makes a misrepresentation regarding...
Today, the U.S. Department of State (DOS) released the September 2023 Visa Bulletin. As is typical with the last visa bulletin of a fiscal year, there is little movement from the previous month. More significant changes in the visa bulletin are expected in the October...
Today, the U.S. Department of State (DOS) released the August 2023 Visa Bulletin. Several categories retrogress in the latest visa bulletin, although at least some of the backlogs should start clearing up in October, when the new fiscal year begins. All cutoff dates listed refer...
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...
