Tourist Visas To Visit Potential EB-5 Projects

Last week the White House released a statement regarding immigration reform. It included vague statements on EB-5. The White House said the Department of Homeland Security will create rules requiring conflict-of-interest disclosures by Regional Center principals, background checks, public disclosure requirements, and increasing the minimum qualifying amount of investment.

Most important, the White House said the Department of State will amend the Foreign Affairs Manual (the rules for American Consuls) to include a new guideline for potential EB-5 investors to obtain tourist (B-2) visas which currently is not permitted. This would allow investors to come to the U.S. to examine or monitor potential EB-5 investments if they otherwise qualify for a visitor visa.

This is very good news. We will be pleased to help potential investors who need assistance with tourist visas to visit the U.S. to see EB-5 projects.