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Immigrant Investor Program is set to expire

On Behalf of | Aug 3, 2018 | US Immigration Law |

There are many people in the United States on a Visa. Visas allow people to enter the United States to work, to apply for citizenship, to help out their families, etc. One popular visa is set to expire soon and it may not be renewed.

The EB-5 is a popular visa which allows international investors to obtain permanent residency in the U.S. if they create projects that fulfill the criteria of hiring 10 people or more and go to targeted employment areas. If the projects are done in rural areas or areas of high unemployment, the EB-5 investor needs to invest $500,000. Other areas require the investor to spend $1,000,000. The EB-5 program is set to expire on September 30 with many in Congress urging President Trump to not renew it. Many say the program was started to invest with manufacturing jobs in rural economies, but has spread to real estate developments in urban areas.

Those who are interested in the EB-5 visa may want to speak with a legal professional who is skilled in US immigration law. An attorney understands the intricacies involved with the EB-5 visa and the complications that may arise. They can help their client through the process, answer questions, and make sure their client’s needs are met. An attorney understands the economic benefits the EB-5 visa program provides to the US and they work to protect their client’s interests in obtaining the visa.

The EB-5 visa is an important visa for growing the economy in the United States. Immigration attorneys understand the important role these visas play in employing U.S. citizens and creating industries that last for many generations.