69°F
weather icon Clear

What is the EB-5 program?

The EB-5, or Immigrant Investor Program, was created by Congress in 1990. Its purpose was to stimulate the economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business, according to the U.S. Citizenship and Immigration Services website. Foreign investors put in a capital investment (either $500,000 under one pathway or $1 million under another pathway) into an eligible project. The investment must create at least 10 full-time jobs for qualifying U.S. workers generally within two years. If all terms of the program are met, investors are able to get a Green Card.

THE LATEST
US will suspend immigrant visa processing from 75 countries over public assistance concerns

The State Department said Wednesday it will suspend the processing of immigrant visas for citizens of 75 countries, including Afghanistan, Iran, Russia and Somalia, whose nationals the Trump administration has deemed likely to require public assistance while living in the United States.

THE LATEST