EB5 Investment Amount Increase imminent
On february 22 2019, the Office of Management & Budget (OMB) in Washington has listed the EB-5 Modernization program as one of the items to be under review. If enacted, these rules can be a major game changer for the EB5 industry as the increase in minimum investment amount to qualify for a EB5 visa will almost be doubled.
There are also other changes proposed including redefining the TEA designation and Priority date retention between different EB5 filings by same investor (But no portability of EB2/3 PD to EB5).
These rules might take upto 60 days or longer to be enacted, so if you are considering EB5, it would be a good idea to file your petition while the investment amount is still $500,000 for a TEA project.
If you are interested in the EB5 Visa, please get in touch with us.