Good times ahead for the millionaire immigrants in the US?
Australia, Canada and the United Kingdom had already done it. Now, America has decided to follow suit and take effective measures to attract the immigrant millionaires from across the world. This initiative has been brought about as a constructive effort that will be beneficial to both sides. The immigrants will be allowed to their long standing wish fulfilled – that is, to become an American citizen and the State will use this opportunity to effectively stimulate the drooping economy. This can be perfectly brought about through investment and the simultaneous creation of jobs.
The details of the concerned initiatives can be obtained from the US Department of Homeland Security. According to the US Immigration Act of 1990, enables the allocation of 10,000 employment-based immigrant visas to the investors who qualify the requirements and their families too. If you take a look at the statistics between 1992 and 2004, you would find that the EB-5 visas were issued on an average of just five hundred each year. There are a number of factors that are responsible for this under-utilization. The fluctuating economic environment, program instability and the other countries offering more attractive immigrant investor programs are just a few of them. So, the government is considering “special handling package options for a higher fee’ in order to attract the immigrant millionaires apart from promoting stakeholders and boosting investor confidence.
Written by srini on September 23rd, 2009 with
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