ANOTHER TEMPORARY EXTENSION TO THE EB-5 PROGRAM

Posted on Sep 12, 2017

The US Congress recently passed a Continuing Resolution that extends the EB-5 Regional Center Program through December 8, 2017. This temporary extension did not enact any changes to the EB-5 program.

Major changes to the EB-5 program are coming soon. Congress is working on an EB-5 reform bill, which—if passed—is all but guaranteed to raise the required investment amount, among other changes. There is broad agreement that the current investment amount of $500,000 for a Regional Center investment is too low, since it has remained unchanged since 1990 and has not kept pace with inflation.

Unfortunately, if Congress does not act, USCIS has announced that it will take matters into its own hands, dramatically increasing the investment amount (from $500,000 to $1.35 million). This announcement is likely designed to pressure Congress into taking appropriate action.

Given the coming changes to the EB-5 program, if you’re an individual who’s interested in obtaining a Green Card for yourself and your family, I urge you to act now.

If you have any questions, please feel free to let us know. You can contact us here or call 415-221-2345.

 

* The video on this page is from our archive recorded back in April, 2017.

Vaughan de Kirby
California Immigration Attorney

EB-5 Regional Center Program Ends 12/08/17

Congress has extended the current Regional Center program to December 8th, 2017, at which time it will sunset unless extended. We anticipate future legislation that will call for an increased investment amount and more stringent requirements. For this reason, we recommend to our clients that they take action under the current law if at all possible.

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<span>Complete Guide To The EB-5 Green Card:</span> Critical Knowledge For Investors Who Want To Make The Best Decisions For Themselves And Their Families

Complete Guide To The EB-5 Green Card: Critical Knowledge For Investors Who Want To Make The Best Decisions For Themselves And Their Families

If you are seeking permanent residence status in the U.S., request a free copy of Complete Guide To The EB-5 Green Card to learn about the EB-5 visa program.

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