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The Administrative Appeals Office (AAO) recently upheld the Immigration Agency’s denial of an EB-5 Applicant’s Removal of Conditions. The reason for the denial was the applicants investment of his money in a project that was not approved by the USCIS. As way of background, the EB-5 visa provides immigrant status to foreign national investors who agree to [...] National Public Radio (NPR) recently did a story on the EB-5 visa and how it is helping America’s economic growth. The EB-5 visa allows for a foreign national to obtain a permanent green card if he or she invests one million dollars (or $500,000 in certain circumstances) into a company that will employ at least 10 [...] The closest thing the United States has to a “job-creating” visa is the EB-5 investor visa. The EB-5 visa allows for foreign nationals to enter the United States and obtain lawful permanent residency in return for investing one million dollars ($500,000 in certain circumstances) in a newly formed American company. Additionally, the Eb-5 visa requires that [...] Attached to the recently passed Department of Homeland Security (DHS) Appropriations Act of 2010, the Conrad State 30, EB-5, and E-verify programs have been extended through September 2012. These three programs are technically “temporary” programs that need to be reaffirmed every couple of years. In reality, these three programs have been continuously reaffirmed for years and [...] |
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