U.S. runs out of investor visas again as Chinese flood program

The United States has depleted its annual supply of EB-5 immigrant investor visas for the second year in a row after a huge wave of applications from rich Chinese.

The State Department has announced that starting in May, no more spots will be available to Chinese for the rest of the U.S. government's fiscal year, which ends Sept. 30.

Known as EB-5, the immigration program hands out green cards to foreigners who invest at least $500,000 and create 10 jobs in the U.S. The program, which caps the number of visas issued annually at 10,000, hit its annual limit for the first time last August. Read more: http://money.cnn.com/2015/04/15/news/economy/china-us-visa-eb5-immigrant-investor/

Contact Darren Heyman, immigration attorney Las Vegas, for more information.