In this video, we'll talk about how to prove the source of funds of your E-2 investments.
In a previous video, I talked about whether loans or gifts can qualify as a source of
funds and we already covered that.
But in this video, why don't you dive in into how do you prove whatever source of investment
you have?
How do you actually prove it?
So for example, if your…your source of investment is a loan.
So, in that case we have to prove that your loan is secured by some personal property.
So we want to see the documents in that property, whether it's a house or cars or any other
valuables.
Yes, you have to provide those documents.
If your source of funds is a gift.
So we want to show that, first of all, you have to control of that gift because you know
when I see documents from your bank account, but also we want to show what is the source
of funds of the person that gave you the gift.
So if they sold a house, we want to see their, their documents.
If they had been savings when you to see their stuff, their bank accounts.
If they gave it to you because they, you know they earn it from the salarywe want to see
their pay stubs.
So the person who gave you the gift has to prove where they got the money.
If your funds are coming from real estate then we want to see, you know, the deed.
We want to see proof of the bill of sale, the whole transaction history of the sale
of the property in your home country.
We need to show that as proof that the money came from real estate.
If the source of the funds are coming from investments, stock, life insurance and things
like that, they want to see at least three years of tax returns and three years of statements
from those institutions whatever there they are.
And so if you have stocks invested in France, in Switzerland in the Caymans, we need to
see at least three years of tax returns and statements from those accounts to show how
you funded your investment because it came from those…from those things.
If the source of funds is, for example, profits from a business.
So let's say you had a business in your home country and you sold the business or the business
is still active and you continue to get salary or dividends, we want to show five years of
consistent salary, income dividends from that particular business because it's really important
to show to the U.S. embassy that the money that you just brought into the U.S. that you
claim came from your business is actually directly related to the profits of the business.
So, I usually take…I like to ask the client to give me, you know, five years of tax returns,
of property loss, and in any of the dividends from that particular business that they claim
was their source of the funds.
And that usually works well.
If your source of funds is profits from, you know, from before earnings, let's say you,
you know, you won the lottery or gambling.
Those are really, really, we have to be careful because, you know, we have clients that are,
you know that made money in, you know, legitimate gambling.
They made money online, gaming and stuff like that.
As long as you pay taxes for this, as long as it legitimately recorded in your country,
there is a way to also use those funds to invest in a business.
Again for those who need and typically a five years of tax returns and letter from a certified
accountant in your home country to show that it's a legitimate source of earnings and then
we can use that for your, you know, for investment.
The same goes for crypto.
It have a lot of clients that made money from crypto currency in the last five years.
People have bought bitcoin early, bought, you know, XRP and all of these other coins.
And then they made profits.
They sold and they took those profits into their bank accounts and they paid taxes in
those.
You know, many countries, but you know, there's a requirement to pay taxes on crypto.
As long as you reported those income and you pay taxes and you can document it income from
crypto currency can also be used in an E-2 visa investment.
We had a client that, you know, bought bitcoin in 2006, made a lot of money.
Bought real estate with those earnings, sold real estate, and then continue to make money
with crypto currency to this day.
And so some of those, his investment was in a form of real estate sale and some of it
was directly from this crypto currency.
As long as you pay taxes on those.
And I was able to show that by take…getting letters from his accountant, from a tax attorney,
both in the U.S. and in his home country, we were able to use those income and that
income to qualify him for what he did in the U.S. and he built here an amazing business,
under the E visa.
So yes, a lot of new forms of currency can also now be used as a source of funds as long
as we can document that.
And it's definitely amazing.
So hopefully, that kind of gave you a little bit of a, of a, of a background and explanations
as to how you can document source of funds because if you can't, your E visa case will
never be approved no matter how amazing your business is.
Source of funds is a key right now.
So again, if you have questions, post them in the comments below, send me an email.
Jacob@h1b.biz and also let me know what other videos you like to see and I'll see you in
the next…in our next video.
Thanks for watching.