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The Immigrant Investor (EB-5) Visa

January 2, 2012
By David North

In this Backgrounder & Report, David North states that the government has tried to sell life-long green cards to aliens, who otherwise would have no right to migrate to the United States, in exchange for relatively short-term cash investments.

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In this Backgrounder & Report, David North states that the government has tried to sell life-long green cards to aliens, who otherwise would have no right to migrate to the United States, in exchange for relatively short-term cash investments. That is the EB-5 program for immigrant investors. (The initials relate to its being the fifth class of Employment-Based immigration programs, as spelled out in the Immigration and Nationality Act.) And despite repeated and almost frantic efforts by the Department of Homeland Security to sell the program, the numerical limit of 10,000 green cards a year for investors has yet to be reached; in fact only a small fraction of that number are awarded annually. However, when FY 2011 data become available it is likely that the numbers will be somewhat higher than in the past.  The author concludes this program should sunset and abolished.  

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Immigration