Sunday, April 27, 2008

The EB-5 Visa Program

Can you buy entry and gain permanent residency into the U.S.? You sure can. There is a little-known feature in the U.S. immigration law that authorizes it. People and their entire families who will invest in America and create as few as 10 new jobs, can jump to the front of the legal immigration line, gain entry and can stay in the U.S. permanently. It is known as the EB-5 visa plan. The minimum investment must be $500,000, but it seems obvious that the government cannot track this. There are those who worry that would-be terrorists could gain entry under this program. Last year 803 such visas were issued but the government hopes to boost this to 10,000 by 2011. For more see:

EB5-Visas and Wall Street Journal

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