Greater LA
EB-5 visa program for rich foreign investors will get pricier
Trump may be trying to stop the flow of immigrants, but for $500,000 and a promise to create at least 10 jobs, a foreigner can get a provisional green card.
By Steve Chiotakis • • 25m ListenTrump may be trying to stop the flow of immigrants, but for $500,000 and a promise to create at least 10 jobs, a foreigner can get a provisional green card. It's called an EB-5 visa, and dozens of big building developments around LA have been financed this way. As of November, the price for an EB-5 visa is going up to $900,000 minimum. One investor from India is helping fund a new building in LA to get his hands on a green card.
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A controversial visa program that lets wealthy foreign investors earn a fast-track to permanent U.S. residency is about to get more expensive.
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