Cost for foreign investors to buy green card to grow from $500,000 to $900,000.
The demographics of investors, meanwhile, have shifted in recent years. Stock said that although the majority of people waiting for their visas hail from China, there is now much less demand for the EB-5 from that country than in previous years.
Stock said that because of the long visa wait times, investors from China who are considering immigrating to the U.S. are exploring avenues other than the EB-5., which applies to people who qualify as multinational executives or managers. They’ve argued that it’s been the target of fraud and abuse, and asserted that American citizenship should not be for sale, even as Congress has repeatedly reauthorized the program, which has brought billions of dollars into the U.S.was first proposed under the Obama administration
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