October 12, 2015
Green Cards Given to Foreign Investors Under Scrutiny

REALTY TODAY

EB-5  was established in 1990 wherein an investor must fund an amount of $1million to a project that can create 10 jobs. This is seen as an easier way to get citizenship. The investor can also apply for conditional visas for his family members.

It’s an expedited road to a green card, nothing more than that,” said Edward Mermelstein, an international real estate attorney in a post in Curbed.  “To call it an investment is an overstatement. We’re the least expensive country in terms of a pay-to-play scenario for residency.”

Mermelstein added, “The type of investor who uses this is the kind of investor we’d want to live in the United States, people of means who are supporting our economy,” he says. “You’d be crazy not to continue this program.”

 



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