EB-5 Policy changes on Nov. 21

EB-5 is the easiest petition for foreigners to qualify for a permanent residency. USCIS will publish its final rule on November 21, 2019, which will significantly revise the EB-5 Immigrant Investor Program. Major changes to EB-5 in the final rule include raising the standard minimum investment level from $500,000 to $900,000 in TEA areas and from $1 million to $1.8 million in non-TEA areas.

Other developments under the final rule include:
• Raising the minimum investment amounts;
• Revising the standards for certain targeted employment area (TEA) designations;
• Giving the agency responsibility for directly managing TEA designations;
• Clarifying USCIS procedures for the removal of conditions on permanent residence; and
• Allowing EB-5 petitioners to retain their priority date under certain circumstances.

Under the EB-5 program, individuals are eligible to apply for permanent residence in the United States if they make the necessary investment in a commercial enterprise in the United States and create or, in certain circumstances, preserve 10 permanent full-time jobs for qualified U.S. workers.

As this rule will go into effect on November 21st, time is of the essence, those interested in taking advantage of the EB-5 Program, at its current rate and procedures, must file before this date! If you are interested in this topic, please register so we may plan for the space size. If there are less than 10 people registering, the event may not take place. A notice will be sent to you on Friday night to confirm the event after head counts.

Individuals are welcomed to contact me for more information.

Thank you,
Glenna