People with Cash Could Find It Easier to Buy a US Visa Under Immigration Reform Marianela Toledo - Watchdog.org
go to original June 27, 2013

The U.S. Senate wants to create an “investor visa,” which would expand the current EB-5 program by lowering the investment threshold for foreign nationals seeking U.S. residency.

Investing in New Ventures, Entrepreneurial Startups and Technologies, as it’s officially called, is being created under a newly created EB-6 category.

It’s a means of getting a temporary immigrant visa, or conditional permanent resident visa — conditional green card — that converts to a permanent residency — green card — after two years if certain conditions are met.

Those conditions could include money generated and full-time jobs created.

If the investor isn’t interested in staying in the U.S., the investment requirement is lower — a three-year non-immigrant visa is granted to people who invest at least $100,000 in a U.S. company or project the creation of at least three jobs and revenue of at least $250,000 per year for two consecutive years.

This is different from an immigrant visa, which requires the investment and the creation of the five full-time jobs; applicants can apply for a permanent green card after two years.

Read the rest at Watchdog.org

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