The EB-5 visa allows foreign nationals who make a significant investment in a U.S. company and help create jobs to immigrate to the United States. For the last 30 years, the amount of investment required was $500,000. On November 21, the amount required was raised to $900,000. The program has been criticized by some for corruption and not actually creating jobs where they are needed. In addition to the increased financial requirement which aims to address these concerns, the government will be conducting more oversight on EB-5 investment projects.
– Weekly Immigration Briefing by Olivia Hester, Immigration Law Analyst at Docketwise
Posted in: Immigration
posted on: November 25, 2019