As many of you know that EB-5 program has finally (and narrowly) been reauthorized in March. The program will be extended to 5 years – till 2027.
In a nutshell, here are the important changes to the EB5 visa program(Details are at the USCIS website):
- The EB5 investment amount is now $800K in TEA(Targeted Employment Area) areas and $1.05 million in non TEA areas.
- To the investor’s advantage, there is a grandfathering clause that allows USCIS to continue the processing of the eligible applicants as long as they have filed their i526.
What does it mean for existing EB5 investors?
- The changes will not affect the existing investors who have already filed with the USCIS.
- USCIS will resume processing the existing pending applications.
For potential EB5 investors
- The investment amount will be $800K and $1.05M for TEA and non-TEA respectively.
- The program has been reauthorized for another 5 years, with the much-applauded grandfathering clause.
As the USA is the most sought-after country for people to have 2nd country residency in, now is a great time for them to move forward with their application and get permanent residency for their family.
The USA is where your children can get excellent education and get to stay to work in the largest economy in the world. They will be given the best opportunity to develop their careers and businesses.
Contact us now to find out more! Our consulants are also USA permanent residents who are able to answer most questions you may have about applying and living in the USA.
