Bernstein Osberg-Braun, LLCOriginally published on www.reuters.com
The U.S. Government has Extended the EB-5 Immigrant Investor Program for Three Years.
BOCA RATON, Fla.--(Business Wire)-- The approved three year extension of the EB-5 regional center program is reassuring news for foreign investors who have been waiting for the opportunity to become U.S. permanent residents and ultimately U.S. citizens.
The EB-5 investment visa program allows immigrants investing $500,000 in a federally designated regional center to obtain permanent residence in a relatively short period of time if they can prove that the invested funds will create ten American jobs. To qualify for the visa applicants have to pass extensive background checks and prove the source of their investment is legitimate.
"Following a series of meetings with government officials, specialized EB-5 immigration attorneys and visits to many EB-5 regional center programs over the past year, our research has identified a lot of detailed background information that potential applicants must know before choosing a regional center and applying for the EB-5 visa," said Andrew Bartlett, joint managing partner of Which EB5, (www.WhichEB5.com) an organization specializing in providing information and education to potential EB-5 visa immigrants.
While the EB-5 program is one of the best ways to immigrate to the US there are a number of points that immigrants need to consider such as: Which regional centers have obtained green cards in the fastest time; which centers have a 100% record of obtaining green cards; which centers are shortly returning investor funds and where the potential dangers lie in the program.
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