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Question:

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Can a foreigner obtain an EB-5 visa on venture capital raised in the United States? I am a foreign national and the sole shareholder of a C Corp which has attracted an investment of $5 million from a venture capital group at $20 million valuation. We would be hiring lots of people in Chicago and Cleveland for our venture. Since the investment would be done locally and I would be the reason for such investment, can this investment and resulting employment be used to obtain an EB-5 visa for myself?

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Answers:

January 17, 2014 11:22 Ed Beshara

Based on the facts you present the answer is no. It is quite apparent you do not have an accurate understanding of the EB-5 rules, regulations and policies. It is advisable to retain an experienced EB-5 attorney who may correctly direct you.

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January 17, 2014 11:47 Sal Picataggio

To obtain approval of the I-526 petition filed with USCIS to then move forward with obtaining conditional, then full, permanent residency, the investment must be made from your personal funds. If your investment will be made into this C Corp, you must use personal funds, not funds from that same C Corp.

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