The January 2020 Visa bulletin is out today. The Final action date (FAD) for India has moved 4 months to May 1 2018 compared to Jan 1 2018 as per the December 2019 Visa bulletin. The FAD has moved very quickly in the last 5 months. Continue reading “India EB-5 Outlook Jan 2020”
$900,000 (TEA – Rural area Projects)
$1.8 Million (Non-TEA / Urban area projects)
Welcome to the Phase 2 of the EB-5 program which include new investment limits and new TEA area criteria set by DHS. The rules have been made more tighter for which projects to qualify for the $900,000 investment limit. Earlier, projects were getting TEA certifications approved at the State level, but now DHS has amended the rule to enforce TEA certification can only be provided at the federal level by a DHS agency. This has put a lot of projects in limbo as they need to be re-certified and a lot of them will fail the TEA conditions, so these projects will lose their TEA status, which means investors will now have to invest $1.8 Million in these projects. Continue reading “EB-5 Investment limits”
At the IIUSA EB-5 Conference on Oct 29 2019. Charlie Oppenheim, Cheif of Visa numbers at the Department of State has forecasted that Indian waiting time has reduced to 6.7 years for an Indian petitioner applying today. Continue reading “Charles Oppenheim October 2019 predictions – Indian wait time reduced”
I have received a lot of emails and also have spoken to prospective EB5 investors in the past month about the EB-5 program. Quite a few of them have a few common recurring questions, many more of you might have the same questions, below is a brief explanation of a few f your questions, if you have further questions, send me an email at email@example.com Continue reading “Nov 21 2019 changes to EB5 Program: Q&A”
The House of representatives today have approved HR 4378, effectively extending the EB5 Program till Nov 21 2019. The Senate is also expected to approve this next week before Sep 30. Extension of the program till Nov 21 will also coincide with the end of the $500k/$1MM (TEA/Non-TEA) investment limits.
Update: The EB-5 Program has been extended until Nov 21 2019.
Most people interested in EB5, know by now that the Investment amounts have gone up from $500,000 for a TEA project to $900,000 ($1 million to $1.8 Million for non TEA). Another major rule change that hasn’t quite gotten the same coverage is the new rules requiring DHS to assign the TEA regions, as opposed to the current method of allowing states the benefit to define TEAs.Continue reading “What do the new EB5 regulations mean after Nov 21 2019”
For long time followers of the EB-5 program, this is getting a bit tired. For the past 4 years, the US congress has been just extending the EB-5 regional center pilot program for a short span of 6 months on average, setting up yet another episode of, will they, won’t they extend the program. Continue reading “Will EB-5 program expire on September 30 2019?”
What is the success rate of an EB-5 visa to the USA? Are the projects safe enough to invest in?
USCIS hasn’t shared the success rate of EB-5 Visas in a while. But based on past data from USCIS, the success rate of approval of I-526 petitions (The 1st step of the EB-5 process where in the investor gets a conditional green card after 526 approval) is around 80%. After 22 months of receiving the conditional Green card, the EB-5 petitioner can apply for an I-829 (permanent green card). The success rate of this was around 95% in the past. Continue reading “Success rates of EB-5 Visas”
As I mentioned in my post on Medium, EB5 projects will have to take in new investments at $1.8 million USD after Nov 21. So if a project hasn’t fully been subscribed by then, they might be unable to complete the project because of shortage of funds.