Law360 (July 23, 2019, 10:28 PM EDT) -- Changes to the EB-5 investor visa program, which were finalized Tuesday and will go into effect November, will likely deter applicants by making it harder to meet minimum investment requirements and to qualify for lower investment amounts in targeted rural or high-unemployment areas.
Immigration lawyers have long anticipated an increase in minimum investment amounts given that they have not changed since 1990 when Congress enacted the EB-5 program, which provides green cards to noncitizens who invest in projects that create at least 10 jobs. But for most investors, the new $1.8 million minimum investment — up from $1 million — for...
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