The New EB-5 Regulations Are Published and Will Be Effective On November 21, 2019
Last Chance to File Your Petition at $500,000!
There is Still a Short Time Frame to Invest $500,000 to Achieve an
EB
-5 Visa. Contact Us Now! Our Experienced Attorneys with the Team of Professionals Will Work With You To File Your Petition With $500,000 Investment Amount Before The Price Increases.
Under a
new rule
published by the U.S. Department of Homeland Security, several changes to the EB-5 Immigrant Investor Program will go into effect on Nov. 21, 2019.
What You Need to Know:
Priority date retention:
- Certain immigrant investors will keep the priority date of a previously approved EB-5 petition when they file a new petition.
Increased minimum investments:
- The minimum investment in a TEA (Targeted Employment Area) increases to $900,000 (from $500,000) to account for inflation.
- The standard minimum investment amount in a Non-TEA increases to $1.8 million (from $1 million) to account for inflation.
- Future adjustments will also be tied to inflation (per the Consumer Price Index for All Urban Consumers, or CPI-U) and occur every 5 years.
Targeted employment area (TEA) designations:
- DHS will now directly review and determine the designation of high-unemployment TEAs; they will no longer defer to TEA designations made by state and local governments.
- Specially designated high-unemployment TEAs will now consist of a combination of census tracts that include the tract or contiguous tracts in which the new commercial enterprise is principally doing business, including any or all directly adjacent tracts.
- Provided they have experienced an average unemployment rate of at least 150% of the national average unemployment rate, TEAs may now include cities and towns with a population of 20,000 or more outside of metropolitan statistical areas.
- These changes will help direct investment to areas most in need and increase the consistency of how high-unemployment areas are defined in the program.
If you have any questions, plese contact us. We are offering a 30-minute FREE consultation for EB-5 till October 31, 2019.
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