Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

US Govt. jacks Up Permanent Residency Investment To Almost Double

Posted on August 3, 2019 By ann.castro No Comments on US Govt. jacks Up Permanent Residency Investment To Almost Double

Recently, the government of America has made it costlier for immigrants to acquire permanent residence in the country. As per the rules which were published by Homeland Security of the US on Wednesday, immigrants have to shed near about $900,000 to get EB-5 visa. Previously, the cost was just $500,000. After the news, real estate sector warned that it might stop the funding which America is receiving since great recession.

The formulation of EB-5 program was done in 90s, so that it can encourage people to make investment in several distressed areas. Foreigners on the other hand started to avail the facility of the program since 2008, when the capital market of US witnessed turmoil and real estate developers had to search for alternative methods to raise fund. At present, the process generates near about $5 billion at the expense of less than 11,000 green cards every year.

Since several years the program was under the radar of legislators as they think that it might cause fraudulent activities, there were few others who objected on the idea that immigrants could be able to buy citizenship of America. Most of the American visas are based on employer sponsorship or family relationship.

Due to working of EB-5 program state can easily choose projects as well as areas for eligibility. Thus mostly, EB-5 investment is heading towards urban centers of the country. There are few lawmakers of US who are advocating that the program should also cover rural areas.

Back on Tuesday, American Citizenship and Immigration Services stated that boundary manipulation of EB-5 districts has been accomplished after combining several census tracts to link project location in order to qualify unemployment rate. One of the trade associations stated that hiking minimal investment pricing in such a dramatic manner would eventually eliminate EB-5 program altogether.

Top Stories Tags:US Govt. jacks Up Permanent Residency Investment To Almost Double

Post navigation

Previous Post: Caterpillar Feels The Pinch Of Trade War Between US And China
Next Post: Align Tech Stock Dips 25%, Profits Hurt By Slowing Braces Demand In China

Related Posts

Boeing Not Averse To A Changed Name For Its 737 Max Top Stories
Facebook’s Dating App Has Love Floating On Social Media Technology
Virgin Galactic Unveils Interiors Of Gateway To Space Building Top Stories
Leading Music Streaming App, Spotify, Is Lastly Making Profit Business
Early Days Adversity Might Grow Risk Of Critical Depression In Later Life Health
AR Headset Firm Meta Closing Down After Assets Traded To Unknown Firm Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme