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sami76

about " Assets of the principal sponsered immigrant" out of US

By sami76 in Bringing Family Members of US Citizens to America

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sami76 Explorer

sami76   0

Posted
Filed: Timeline
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Hi friends,

Can cash in the bank out of US be considered as assets of the principal sponsered immigrant?

I am a US Citizen and I want to Apply for my parents GC. On I-864 form section 28 there is place for principal sponsered immigrant assets. Can I list their cash assets which is in the bank in their country and not in USA?

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Anh map Grand Master

Anh map   2,098

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Filed: IR-1/CR-1 Visa Country: Vietnam
 Timeline
Posted

Yes, it is possible.

The asset to income ratio is 5:1 for assets held outside the US. Also, depending on how easy/difficult it is to move cash from that country to the US would factor into the CO's decision on whether to allow those assets to be considered.

I-864 Affidavit of Support FAQ -->> https://travel.state.gov/content/visas/en/immigrate/immigrant-process/documents/support/i-864-frequently-asked-questions.html

FOREIGN INCOME REPORTING & TAX FILING -->> https://www.irs.gov/publications/p54/ch01.html#en_US_2015_publink100047318

CALL THIS NUMBER TO ORDER IRS TAX TRANSCRIPTS >> 800-908-9946

PLEASE READ THE GUIDES -->> Link to Visa Journey Guides

MULTI ENTRY SPOUSE VISA TO VN -->>Link to Visa Exemption for Vietnamese Residents Overseas & Their Spouses

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Penguin_ie Grand Master

Penguin_ie   5,993

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Filed: Citizen (apr) Country: Ireland
 Timeline
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Check with the embassy; some embassies will not considered assets held in foreign countries, so you'd need to move the money to the US first. Ireland is such a country, even though it is easy to move money from an Irish to a US bank account.

Bye: Penguin

Me: Irish/ Swiss citizen, and now naturalised US citizen. Husband: USC; twin babies born Feb 08 in Ireland and a daughter in Feb 2010 in Arkansas who are all joint Irish/ USC. Did DCF (IR1) in 6 weeks via the Dublin, Ireland embassy and now living in Arkansas.

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