Residency Compliant Real Estate Investment

In another groundbreaking achievement for EB-5, Passvisa would first like to congratulate its EB-5 investor for the recent approval of I-526 by USCIS for using profits from cryptocurrency trading as a lawful source of funds. Passvisa would also like to thank the legal team and partners of Attorney Niral Patel and David Hirson for their expert guidance and legal expertise. By adding the option of “Cryptocurrency” to the existing arsenal of EB-5 source of funds strategies, Passvisa has further expanded its EB-5 visa capabilities.

Passvisa has been constantly innovating to provide investors with opportunities for success while investing in institutional quality assets such as our 1900 Broadway project. We work with investors to provide effective solutions for their individual needs, including installment plans to help investors complete their EB-5 investments faster. In addition, Passvisa is the first well-known EB-5 fund sponsor in the industry to offer dual equity and multiple investment options to customize the risk-return profile of EB-5 investors. When it comes to cryptocurrencies, many EB-5 regional centers and immigration attorneys often say that cryptocurrencies will not be accepted by the USCIS. But in fact, the approval of Passvisa investors shows that Passvisa is more willing to work hard to meet the needs of its clients and ultimately assist investors in obtaining EB-5 visas.

This latest approval from the USCIS is just the latest affirmation of Passvisa's EB-5 approach that always puts investors first. When investors approach us with questions, we identify a workable solution that satisfies USCIS requirements and achieves the EB-5 investor’s goal of legally obtaining a US green card.

USCIS confirms that EB-5 investors can use cryptocurrency to fund their EB-5 investments and successfully obtain EB-5 visas

Passvisa’s recent I-526 approval confirms that EB-5 investors can use cryptocurrency to fund their EB-5 investments. Our investor used the sale of Ethereum (ETH) on the Coinbase platform to fund his EB-5 investment. With detailed and organized documentation of the source and path of funds, as well as additional background knowledge of cryptocurrency platforms and established exchanges such as Coinbase, EB-5 investors can successfully obtain approval from USCIS to use cryptocurrency to fund their EB-5 investment.

Cryptocurrency Can Be Used to Fund Your EB-5 Investment, but Careful Preparation is Required

EB-5 investors can use cryptocurrency to fund their EB-5 investment, but careful preparation is required due to the anonymity and different laws and regulations involving cryptocurrency. EB-5 investors should consult with an experienced immigration attorney before converting crypto to cash proceeds.

Important points to note when applying for an EB-5 visa using cryptocurrency:

What is the source of funds used to purchase cryptocurrency? Just like with any asset, such as real estate, USCIS may require you to document the “original” source of funds used to acquire the asset.

Where did the investor purchase the cryptocurrency? Regulations regarding cryptocurrency transactions vary widely around the world. Confirming the country where the cryptocurrencies were traded is important in gathering the necessary documentation regarding the transaction.

Provide sufficient evidence and background information to the USCIS adjudicator.

If USCIS adjudicators are hesitant to approve cryptocurrency, it is likely due to a lack of full understanding of cryptocurrency regulations and concerns about transparency, tax compliance, etc. Therefore, it is a good strategy to provide as much information as possible to explain this background and clear funding path. For a complete discussion of using cryptocurrency for EB-5 investments