Saul Ewing Arnstein & Lehr partner Ronald Fieldstone in Miami and associate Rohit Kapuria in Chicago. Courtesy photos
The Trump administration on Wednesday rolled out stringent new EB-5 rules that nearly double the amount foreigners must invest and raise other thresholds, making it harder for immigrants and projects to qualify under the federal visa program.
Foreigners seeking green cards for themselves and their families will have to put at least $900,000 into a U.S. commercial venture, up from the current $500,000. The amount is only for ventures in specially targeted areas such as rural areas and places with higher than average unemployment.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
