Question:

Yes. Currently Iranian Nationals do not have to obtain an Office of Foreign Affairs Commission (OFAC) approval letter to transfer money to the US for an EB-5 investment.

Yes, Iranian citizens are eligible to apply for an EB-5 Visa. On October 22, 2012, the Department of the Treasury Office of Foreign Assets Control (“OFAC”) issued regulations (called a “general license” in OFAC parlance) which state that United States persons and entities can engage in all transactions necessary to export financial services to Iran in connection with the EB-5 visa, provided that the transfer is effected in accordance with all U.S. laws and regulations. Further, in the event that an EB-5 visa application is denied, withdrawn, or otherwise does not result in the issuance of an EB-5 visa, U.S. persons and entities are authorized to transfer, in a lump sum back to Iran or to a third country, any funds belonging to the EB-5 visa applicant that are held in an escrow account during the pendency of, and in connection with, such EB-5 visa application.

Yes, Iranian citizens are eligible to apply for an EB-5 Visa. On October 22, 2012, the Department of the Treasury Office of Foreign Assets Control (“OFAC”) issued regulations (called a “general license” in OFAC parlance) which state that United States persons and entities can engage in all transactions necessary to export financial services to Iran in connection with the EB-5 visa, provided that the transfer is effected in accordance with all U.S. laws and regulations. Further, in the event that an EB-5 visa application is denied, withdrawn, or otherwise does not result in the issuance of an EB-5 visa, U.S. persons and entities are authorized to transfer, in a lump sum back to Iran or to a third country, any funds belonging to the EB-5 visa applicant that are held in an escrow account during the pendency of, and in connection with, such EB-5 visa application.

Yes. Iranian citizens are eligible for the EB-5 program, however all Iranians bringing investment capital from Iran must have an OFAC license. OFAC is the Office of Foreign Assets Control.

Iranian citizens should also be aware of the extra level of detail required of them in terms of documenting source and path of funds being invested.