BREAKING NEWS – President Obama signs extension of EB-5 program
By Ryan A. Rogers, Esq, USAVCS
President Obama extends the EB-5 Investor Visa Program 3 more years.
On Friday, September 28, 2012, President Obama signed into law S.3245, which extends the EB-5 Investor Visa Program for three more years to September 30, 2015 : the EB-5 Regional Center Program; the E-Verify Program; the Special Immigrant Non-Minister Religious Worker Program; and the Conrad State 30 J-1 Visa Waiver Program are all programs that were included in this this bill. A more detailed press release can be seen here.
EB-5 Investor Visa Program
The program, now extended through September 30, 2015, allows foreign nationals to become US legal residents through an investment in a job-creating entity in the United States. The minimum investment can be either 500,000 or 1,000,000, depending on whether the business is located in a TEA (Targeted Employment Area). Each investor must prove that his investment was directly responsible for the creation of 10 US-based permanent jobs. To date, the most active EB-5 foreign investors are from countries such as China, Iran, India, Brazil, Nigeria, Vietnam, and Venezuela.
USAVCS Immigration Consultants
USAVCS acts as a fiduciary, thoroughly researching Regional Center and projects throughout the United States. As a fiduciary, we only endorse those projects that meet our rigorous standards. When you hire USAVCS, we walk you through the entire process, from moment you begin considering which Regional Center program to invest in, until the day you receive your permanent green card. You will be assigned a personal Client Care Representative to liaise between you, the Regional Center throughout, and any outside Immigration Attorneys.
To learn more about this and other Immigrant and Non-Immigrant visa options, contact one of our USAVCS Immigration Consultants to schedule a consultation.
