EB-5 Program Extended Through September 30, 2018
Latest Update – As declared by United States Citizenship & Immigration Services on July 24, 2019, the anticipated final rule has taken effect on Thursday, November 21, 2019. The minimum EB-5 investment amount has increased from US$500,000 to US$900,000 plus the processing overhead cost, legal and filing fees for the project which is located in a TEA. For the project not located in a TEA, the amount has increased from US$1 million to US$1.8 million plus the processing overhead cost, legal and filing fees.
The EB-5 Visa regional center program, which was extended until March 23, 2018, has got another six months extension and approved up until September 30, 2018. The program is expected to continue with $500,000.00 minimum investment allowing foreign investors to obtain a green card by creating jobs for US citizens.
It looks this six month extension will save the popularity of the program especially for investors from India. The program also has become very popular among immigrant investors from Vietnam as per data of 2017.
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