A close friend, a US citizen, is opening a new restaurant through a new LLC with an investment exceeding $1 million, sourced lawfully from loans and savings. He owns several other restaurants and will support my application for a Green Card under the EB-5 program. He suggests that his investment could be considered as a gift to meet the program’s criteria. Given that this new venture will create 10 permanent jobs, does this qualify as a direct EB-5 investment?
Answers
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyHis investment is not a gift to you. He can gift you the funds and you can invest them.
Fredrick W Voigtmann
Find an EB-5 Visa Lawyer: Immigration AttorneyAssuming all other requirements are met, this arrangement could potentially qualify you for EB-5 classification.
Dennis Tristani
Find an EB-5 Visa Lawyer: Immigration AttorneyYes - this cloud potentially depending on the specifics of the case - I recommend speaking to an EB-5 immigration attorney with direct investment experience.
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