Question:
How can a Chinese investor transfer funds more efficiently? Is it okay to have friends or family to transfer funds for me? What type of professional should I speak to about this?
Answers:
You need to first retain the services of an experienced EB-5 attorney who has expertise in representing Chinese investors. The U.S.C.I.S. has accepted certain types of transfers of the Chinese investors personal funds out of China as long as the transfer of funds is in compliance with laws of China and the U.S.
You should speak to an immigration attorney with experience in the EB-5 program (like our law firm), as the EB-5 process is at its core an immigration process above all else. In our experience with Chinese investors, family and friends are often asked to help with the transfers. Our role is to ensure you are properly documenting these transfers so that they comply with USCIS rules, regulations and policies regarding the authentic source of funds.