Immigrant investors seeking green cards will have to spend more money in the U.S. to qualify…. Those seeking lawful permanent residence in the US will typically now have to invest at least $1.8 million under the EB-5 program, an increase from $1 million, the standard minimum level that has been in place since 1990.
- Heard on the Capitol: Trump administration’s Ken Cuccinelli: “Our reforms increase the investment level to account for inflation over the past three decades and substantially restrict the possibility of gerrymandering to ensure that the reduced investment amount is reserved for rural and high-unemployment areas most in need.”
- Looking ahead: The U.S. Citizenship and Immigration Services – the agency which oversees the nation’s legal immigration programs – is expected to release a wave of new regulations in the coming months, according to the WSJ.