EB-5 visa retrogresses for Chinese investors to May 1, 2013

Investors, Visas

WASHINGTON, DC: Despite the enormous popularity of the EB-5 visa program among Chinese investors, and billions in foreign investment made to its implementation, the State Department is temporarily putting a halt on thousands of recent EB-5 visa applications from mainland China, putting it in retrogression, reported the Huffington Post. The E-B5 program only has access…

America Freezes EB-5 Investor Visa Processing For Chinese Citizens

Immigration News, Investors

Temporary halting of EB-5 American visas for China’s entrepreneurs, after their numbers rise to form the overwhelming majority of applicants. Dating from 1990, Section 203(b)(5) of the Immigration and Nationality Act aims to encourage foreign investors to support enterprises in America, especially in less economically strong areas, and thus create jobs and boost local economies.…