Archives: EB-5

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Changes to EB-5 Investor Visa Program

USCIS has published its new final rule significantly changing the EB-5 Immigrant Investor Program to address concerns about fraud, abuse, and national security risks. The new regulations will become effective on November 21, 2019. The EB-5 Investor Visa Program was created almost 30 years ago to incentivize foreign investments and create jobs in the United … Continue Reading

House Passes Bill to Eliminate Green Card Backlogs, Competing Bill in Senate Introduced

The House of Representatives has taken a step in the direction of eliminating green card backlogs by passing the Fairness for High-Skilled Immigrants Act of 2019 (H.R. 1044) introduced by Representatives Zoe Lofgren (D-CA) and Ken Buck. (R-CO). The support was bi-partisan and passed in a 365 to 65 vote.  The bill would: Increase per country … Continue Reading

EB-5 and Its European Counterpart Subject to Expected Changes, Oversight

In June 2018, Congress held a hearing on “Citizenship for Sale: Oversight of the EB-5 Investor Visa Program.”  The current EB-5 program allows wealthy individuals to apply for and obtain green cards by investing anywhere from $500,000 to $1,000,000 in U.S. enterprises.  Like any other green card holders, after five years, the beneficiaries can apply … Continue Reading
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