Now more than ever, prospective immigrant investors looking to obtain a green card through the EB-5 Visa Program should speak to an experienced EB-5 attorney.
The current EB-5 Visa Program allows a foreign national to obtain a U.S. green card through a $1,000,000 investment into a US business. The EB-5 investment must create 10 full-time jobs for qualified citizens and residents. An EB-5 investor can also choose a reduced investment of $500,000 in a Regional Center project, or a direct EB-5 project located in a TEA. Both options allow the investor to procure a green card.
In approximately 4 months, the EB-5 Regional Center Program ($500,000 EB-5 investment), is due to end. While it’s more than likely Congress will renew the program, there is serious discussion that the US Congress will increase the investment amount.
Currently, a Direct EB-5 investment and a Regional Center investment can be reduced to $500,000 if the EB-5 project is located in a Targeted Employment Area (TEA).
DC politicians have discussed plans to increase the TEA / Regional Center investment amount to $800,000. This nearly doubles the current TEA investment amount of only a half-a-million.
Presidential hopeful, Jeb Bush, has even called for the dismantling of the Regional Center / TEA EB-5 option all together. If that were to happen, all investors would need to make a direct $1,000,000 EB-5 investment to qualify for the program.
While increasing the investment amount to $800,000 isn't set-in-stone at this point, there is strong support among members of congress to raise the EB-5 investment to at least $800,000.
Potential immigrant investors should contact our office to get started on their EB-5 investment today - before any increase in investment amount. Though the EB-5 visa is here to stay, the reduced investment has an uncertain future.
To learn more about the EB-5 Visa Program and how our EB-5 lawyers can assist your EB-5 investment, please visit our dedicated EB-5 website at www.eb5investmentlaw.com.
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Kyle J. Barella