[NOW IN EFFECT!] Significant Changes to the EB-5 Immigrant Investor Visa Program
The EB-5 Immigrant Investor Program Modernization Regulation takes effect, as of today, November 21, 2019. This new regulation changes some key aspects of the EB-5 program and causes significant impact on both individual investors and the EB-5 industry. At this point, I-526 Petitions filed on and after today are subject to the following notable key changes:
- Minimum investment amount in a Targeted Employment Area (TEA) for $900,000 and in a Non-TEA for $1.8 million;
- Restricted TEA designation process based on case-specific evidence submitted with each Form I-526 petition;
- Priority Date of an earlier-approved EB-5 immigrant petition may be retained by filing of a new I-526 petition, subject to certain conditions.
The current regional center program also sunsets today November 21, 2019, while it is anticipated to be expended as part of the continuing resolution. Foster will continue to monitor the developments of the new EB-5 regulation and follow up in the near future with further updates.
For more information, please do not hesitate to contact us at firstname.lastname@example.org or call our immigration law firm at 713.22.8733 for more information.