=91Cash for Visas=92 Green-Card Program being restricted in US.
The US government may be clamping down on a "cash for visas" green-card pro=
gram that drew fire from critics even while giving a boost to the construct=
ion industry in many recession-battered markets.
The program, known as EB-5, gives wealthy foreigners the chance to obtain c=
itizenship by investing between $500,000 and $1 million in ventures as vari=
ed as wind farms, ski resorts, gas stations and office towers. Two years af=
ter the investment, the visa recipient must prove that his or her money cre=
ated at least 10 jobs for a chance to apply for US citizenship.
USCIS would be demanding more evidence that certain types of projects, such=
as office buildings and retail space built for tenants, actually would cre=
ate new jobs rather than just provide a new building for existing jobs to m=
ove into.
http://www.uscitizenship.info/ |