U.S. reduces real estate investment funding for permanent residency | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 94%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The United States Northern District Court of California has reduced the EB-5 minimum investment to $500,000 and vacated the decision to increase the minimum EB-5 investment amount from $500,000 to $900,000.

The court said the U.S. Citizenship and Immigration Services , Acting Director lacked the authority to issue that regulation.

In 2019, the U.S. implemented changes in the EB-5 investor programme as part of a comprehensive EB-5 modernisation law passed by Congress. Speaking at a press briefing, the Chief Executive Officer, 3Invest Limited, Ruth Obih, stated that the 2019 increase to $900,000 saw a drop in the level of investors.

She said: “Moderno Porcelain Works, is currently one of the few approved operational businesses in the EB-5 industry ready to process direct EB-5 investments in the U.S.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in FR

France Dernières Nouvelles, France Actualités