The EB-5 visa, created in 1990 to stimulate the economy through job creation and capital investment, will under the new rules require a minimum investment of $900,000 instead of the current $500,000, U.S. Citizenship and Immigration Services said.

That minimum amount will be for investments in businesses in rural areas or regions of high unemployment. For investments in other areas, the minimum will be $1.8 million, compared to the current $1 million.

Launched nearly three decades ago as a little-used economic incentive, the program was seized on by developers and state governments after the 2008 recession as a way to raise funds from overseas investors, particularly those in China. The U.S. government now issues thousands of EB-5 visas each year. Recipients of the visas and their families then can apply for permanent legal status.

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