By Sarah Martinson (Oct. 27, 2020, 7:27 p.m. EDT) – Immigrants can use the loan proceeds to invest in U.S. companies to qualify for EB-5 investor visas, the DC Circuit ruled on Tuesday, estimating that the loan proceeds do not count as debt that must be secured by investor assets.
The three-judge panel said the US Citizenship and Immigration Service was wrongly counting the loans two Asian investors took from their companies to invest money in Nevada companies as debt on their EB- claims. 5.
When individuals invest the loan proceeds in businesses, they are not indebted to the companies in which they have invested, which means that the loan proceeds are not, according to the opinion, …
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