On July 24, 2019, U.S. Citizenship and Immigration Services (USCIS) published the final rule that modernizes the EB-5 Immigrant Investor Program. Said new rule reflects a number of significant changes, that may affect you as an investor, planning to benefit from this path to obtain permanent residency in the United States.
The new EB-5 rule will:
- Increase the required minimum investment amounts to account for inflation, from the standard minimum investment amount of $1 million to $1.8 million; and from the $500,000 to $900,000 investment amount required in a targeted employment areas (TEA) designations;
- Provide priority date retention to certain EB-5 investors who have previously approved EB-5 petitions;
- Reform certain targeted employment area (TEA) designations;
- Clarify USCIS procedures for the removal of conditions on permanent residence; and,
- Make other technical and conforming revisions.
If you or someone you know is interested to apply for the EB-5 Immigrant Investor Program, you should file your application NOW before these changes take effect on November 21, 2019. Click here for more detailed information about this “new EB-5 Investment Program rule” as published by the USCIS.
We, at Perry & Alznauer, PC, have successfully helped our clients obtain their permanent residency in the United States through the EB-5 investor program. We have the knowledge, experience, and resources that allow us to provide our clients with the best service there is and most successful outcome.
Please contact our office at (818) 849-5905 and we would be happy to serve you!
