Proposed new US visa scheme for international property buyers
Two US senators are preparing a bill that would offer international
property buyers a US residence visa.
The proposed measure would offer visas to overseas buyers making
a cash investment of at least $500,000 in residential property.
Under the proposal, purchasers with the new visa would not be able to
work in the US. They would be allowed to bring a spouse and any children
under the age of 18, but they would not be allowed to stay in the
country legally on the new visa once they sold their properties.
Posted: 20 October 2011
Source: Wall Street Journal
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