EB-5 Regional Centers Settle Suits, Prevents Deauthorization (1)

Regional centers previously allowed to operate under the EB-5 visa program have retained their prior status as part of a settlement of two lawsuits challenging a policy requiring them to reapply following a lapse in congressional authorization.

The EB-5 program reserves green cards for immigrant investors who commit to put up a minimum amount of capital into a US business and create at least 10 jobs. The EB-5 regional center program, which requires periodic reauthorization by Congress, allows foreign investors to pool their funds in enterprises such as real estate projects.

The Department of Homeland Security and US Citizenship and …

Source

Leave a Reply

Your email address will not be published.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