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Bradley nails it. I've looked into this in trying to implement startup visa since March 2011. The EB-5 requires the capital to be personally owned, as it's int
by HistoryInAction 13y ago
Bradley nails it. I've looked into this in trying to implement startup visa since March 2011.
The EB-5 requires the capital to be personally owned, as it's intended for wealthy individuals to invest in a local business, usually a construction subcontractor or Vermont ski resort (EB-5 having been created by law sponsored by VT Senator Patrick Leahy back in 1990).
With a prepared lawyer, investors, and founding team, the legal paperwork CAN be set up to make use of an EB-5 (or E-2, at the $50k-150k level) on behalf of a founder, but most founders aren't aware of the hoops they need to jump through or preparation at an early enough stage. And once development has crossed various lines, to 'uncross' them to implement the correctly prepared setup raises other red flags within USCIS.