Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 7, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


1

Fla. Developer Offers Investors Green Cards

Foreigners with $1M cash can get US residence

Share

(Newser) – Foreigners still interested in the American dream can get permanent residence in the US by investing $1 million in a Florida condo-hotel project starved for credit. The government-approved offer gives investors a conditional visa in exchange for the investment, the Orlando Sentinel reports. If the foreigners can prove within two years that their investment has created 10 jobs in the area, they get a green card and full residency rights.

Wealthy Russians, Chinese, Venezuelans, and Canadians have expressed interest, but the 105 available slots remain unclaimed. “There seems to be less interest in immigrating to the US,” says a lawyer. The company insists the resort—partly built already with an outlet mall, spa, and 496 hotel suites—is lucrative, though few competing condo hotels have survived the subprime collapse.

The condo hotel seeking international investors is close to Walt Disney World and had many competitors before the housing market collapse.
The condo hotel seeking international investors is close to Walt Disney World and had many competitors before the housing market collapse.   (Disney)
Condo hotels have cropped up throughout the nation in the years preceding the housing collapse. This one was being built in Las Vegas last year.
Condo hotels have cropped up throughout the nation in the years preceding the housing collapse. This one was being built in Las Vegas last year.   (AP Photo/Isaac Brekken)
Investors who put $1 million towards the Orlando condo hotel qualify for a green card to live in the US.
Investors who put $1 million towards the Orlando condo hotel qualify for a green card to live in the US.   (www.greencard-us.org)
The Florida condo hotel is seeking foreign investors who can put cash into the development immediately.
The Florida condo hotel is seeking foreign investors who can put cash into the development immediately.   (Lake Buena Vista Resort Village)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.6.09
Galleon Scandal: Shocked, Shocked by Insider Trading
11.5.09
Rupert Murdoch Is Mad but Cute
1 comment
VIEWING:
 
radnip
Jan 29, 09 3:51 AM CST
With an infrastructure this bad, it's probably better to immigrate to Europe or Japan. Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

11 Stories

(Newser) - Foreigners, willing to work for less money, are taking American jobs … on the baseball diamond, the Wall Street Journal reports. Ever since George W. Bush signed the Compete Act in 2007, which essentially gave baseball teams unlimited work visas, teams have been snapping up foreign talent at a... More »

MORE ABOUT:
immigration • visa • baseball • minor league baseball • minor leagues

 Visitor Fingerprinting Expanded 

Homeland Security hopes scans of all 10 digits will improve tracking, monitoring

Mar 27, 08 8:28 PM CDT
(Newser) - Visitors to the US entering through New York's John F. Kennedy airport will have all 10 fingers scanned under a new program of the Department of Homeland Security, the Christian Science Monitor reports. Officials hope the program, called US-VISIT, will allow customs—which currently collects just two prints from non-citizen... More »

MORE ABOUT:
immigration • fingerprint • Department of Homeland Security • visa • Immigration and Customs Enforcement • ports of entry • Customs and Border Protection

 Dead Rats Stink Up 
 Orlando Airport 

Persistent rodent problem leaves officials and passengers feeling ill

Mar 21, 08 6:00 PM CDT
(Newser) - Dead rats are stinking up a portion of Orlando International Airport, and the smell has workers crying foul. Construction crews renovating gates earlier this month scared the rodents into the airport, the Orlando Sentinel reports; exterminators followed, and after rats died in walls and ceilings the stench sent workers and... More »

MORE ABOUT:
Florida • rats • Orlando • airport • airport security • rodents • Walt Disney World

US Needs More Visas, Gates Tells Congress

America's status as
tech leader is in jeopardy, he says

Mar 12, 08 5:14 PM CDT
(Newser) - Bill Gates exhorted Congress today to increase the number of available H-1B visas for highly skilled foreigners, and invest more in domestic education in science and technology, cNet reports. "It makes no sense to educate people in our universities, often subsidized by US taxpayers, and then insist they return... More »

MORE ABOUT:
immigration • Congress • technology • Microsoft • Bill Gates • visa • science education • brain drain • H-1B visa • House Committee on Science and Technology • computer science • tech workers

US May Move to Restrict H-1B Visa 'Cheaters'

Demand for skilled labor will fuel another application rush

Mar 7, 08 8:11 PM CST
(Newser) - The US is expecting a record number of applications for H-1B visas—given to highly skilled, specialized foreign workers—and is considering rules to penalize companies that try to improve their chances, ComputerWorld reports. Desperate firms have been known to send more than one application—123, 480 were received last... More »

MORE ABOUT:
immigration • Bill Gates • India • outsourcing • competition • Citizenship and Immigration Services • visa • Charles Grassley • H-1B visa • skilled labor

11 Stories


Miami feeling recession, too
Associated Press

Are condo hotels lucrative?
Washington Examiner

Vegas resorts grow despite recession
Los Angeles Times


Business  •  Politics  •  US 
TwitterFollow @NewserBusiness on Twitter

 
immigration • visa • green card • Orlando • private investors • investor • Walt Disney World • condo hotel

from our news partners