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Tuesday, January 21, 2014

EB-5 Program

The Homeland Security Department received a record number of applications for its EB-5 visas in 2013. Under the EB-5 program, foreigners who invest at least $0.5 million in a job creating venture are allowed to live in the U.S. They get a green card if the venture produces 10 jobs in two years. The Wall Street Journal reports, 6,400 foreigners applied for EB-5 visas last year. That's hundreds more than a year earlier. U.S. Citizenship and Immigration Services had approved 3,700 of them as of Sept. 30. The greatest number of applications come from China.

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