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Episode Info: The EB-5 Investor Portal Podcast - Episode #2 Video Version (below) Contact Us Introduction: Hello EB-5 investors. This is Floyd Mitchell with eb5eb5.com. Welcome to episode two of the EB-5 investor portal podcast, recording on Tuesday, June 27, 2017. Today's episode is titled Origin of Funds and EB-5 Investments. Our guest is immigration attorney, Andrew Johnson, of law offices of Andrew P. Johnson in New York, New York. Mr. Johnson was a government prosecutor until he entered private practice in 1998. He has authored numerous articles on immigration and international litigation, some of which have been published by the American Bar Association and the American Immigration Lawyers Association. In addition, Mr. Johnson has been featured in the New York Times, quoted by the New York Daily News, and interviewed by CBS News on the topic of immigration. He has represented large corporations, nonprofits, and small companies in all aspects of immigration law. Mr. Johnson has spoken to business organizations in conferences around the world on the various strategies for immigrating and sending employees to the United States. Mr. Johnson practices immigration law exclusively and is an active member of the American Immigration Lawyers Association. Andrew is admitted into the United States Supreme Court first, seventh, ninth, and eleventh United States circuit court of appeals, New Jersey district court, and the State Bar of New Jersey. Today he will be sharing information about origin of funds in EB-5 transactions. Andrew, welcome to the show and thank you so much for joining us today.A: My pleasure. Happy to talk about the most primary issue with a EB-5 applicant, which is the origin of funds.Q: Can you share some insight about origin of funds and why issues or challenges tend to present themselves with this particular component in EB-5 investments?A: Absolutely. There's two issues with origin of funds. One, sometimes applicants think it's no problem whatsoever and then they realize, after going into detail, there are some problems based on those country's specific tax laws. Two, some clients think they absolutely cannot prove their origin of funds and realize once they talk to an attorney who's done this for many years, there's absolutely many avenues in which you can prove origin of funds. With that information, let me tell you about the basic requirements. Origin of funds simply means how to prove that the money was obtained legally for USCIS purposes. That's the most important because a lot of people explain that in my country it was obtained legally and the government knows it's obtained legally, however it might not be considered legal origin funds under USCIS regulations. The general rule about legal origin of funds is you have to come from an origin of which it was earned or legally obtained, and let me give you some examples. An easy one would be real estate. A house was sold and the proceeds of that money is used to show USCIS the legal orig...
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