A Guam hotel and shopping mall developer’s plan could allow as many as 700 foreigners and their dependents to reside in the United States through an investment-for-green-card program.
Under the U.S. Citizenship and Immigration Services’ EB-5 investors’ visa program, a qualified foreigner who invests a minimum of $500,000 or $1 million — depending on an area’s jobless rate — can apply for an investor’s visa.
A development group with ties to the business that failed to get the majority of Guam voters’ support for its 2008 casino proposal, is marketing its proposed shopping mall and 605-room hotel development plan to foreign investors.
Bridge Immigration Investments LLC, a subsidiary of Saipan-based Bridge Capital LLC, promotes the investors’ visa program on its website as a way for foreigners to invest their money into the proposed $425 million development in Guam.
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