In the wake of COVID-19, there have been enough changes to immigration, visa, and international travel policies to make all our heads spin. For would-be immigrants, obtaining a U.S. visa or Green Card at this time may seem impossible. However, the EB-5 investor visa program, which helps bring foreign investment and economic growth to the U.S. economy, is still accepting visa applications. The EB-5 program—which provides Green Cards for qualified international investors who invest at least $900,000 in a U.S. business and create 10 jobs—was reauthorized by Congress on Sept. 30, 2020, as part of the continuing resolution extending federal government funding through Dec. 11, 2020. Congress is likely to extend this job-creating program, which has held strong over several administrations since its inception in 1990, and was never included in the Trump Administration’s April proclamation suspending U.S. entry for foreign nationals under several temporary visas. However, it is possible changes may be made after December, so now is the time to participate.
If you know anyone who might be interested in investing in an EB-5 project and bringing much-needed jobs to our economy, we can help. Contact Carmen Ronan at cr@ma-firm.com to learn more.
