EB5 Investors Magazine - Page 19

The death of the “seven-year rule” Although not unique to the Chinese investor, USCIS has previously followed a general trend of relaxing documentary requirements as to how an asset liquidated for an EB-5 investment was acquired if that acquisition occurred seven or more years prior to making an investment. Never codified in regulation, EB-5 professionals had been demarking these years as a Maginot Line for whether or not to fully document the source of an asset. However, times have changed. In recent months, USCIS has bucked its general trend and requested documents going back much further than seven years. In one recent case, USCIS requested an investor to provide an employment confirmation letter from the mid-1990s. It has now become standard to attempt to document the fun G2W6VBF