October 2, 2012
Posted by Cal Labor Law in Immigration
President Signs Extension of EB-5 Immigrant Investor Program
Last week, President Obama signed a bill extending for another three years the EB-5 Immigrant Investor Program. The program allows foreign investors to invest $500,000 in an approved Regional Center in exchange for the grant of permanent residency to themselves and their family. Alternatively, they can invest $1,000,000 in their own business in the U.S. in exchange for permanent residency. In an age of large backlogs and wait times for permanent residency, the EB-5 Program has become a very popular way to move to the front of the visa line. For more information, contact Greg Berk.