New Bill Proposes Long-term Reforms to EB-5 Visa

Business Immigration Visas07 Apr, 2021Legal

On 18th March, senior democrat and republican senators introduced a bill seeking long-term reform and reauthorization of the EB-5 Visa Regional Centre Program. This visa allows foreign nationals who can invest at least $1.8 million or $900,000 in a new commercial U.S. enterprise located in a High-Employment Area or Targeted Employment Area, respectively, and create jobs for ten or more U.S. workers, to apply for permanent residence.