US scheme offering citizenship sees almost six-fold increase in GCC applications

Pedro Gonçalves
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US scheme offering citizenship sees almost six-fold increase in GCC applications

The US citizenship for investment scheme has caught the eye of a number of Gulf residents as the number of people from the GCC participating in the scheme has risen over the last few years, up from 1,369 approvals in 2010 to 9,602 last year. Almost a six-fold increase. The EB-5 visa for Immigrant Investors was created by the US Immigration Act of 1990 as a way of encouraging foreign investment in projects across the United States. For a minimum investment of $500,000 investors can apply...

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