Breaking News: EB-5 Program Extended in Current Format until December 11, 2015

The EB-5 investor visa is a green card option for an entrepreneur that would like to buy or start a business (Direct Investment) or an investor who wants to invest in a job creation project such as the building of a railway (Regional Center). The EB-5 Investor visa requires a minimum investment of $500,000 and can require up to $1,000,000 depending on where the business or project is located. For each green card granted, 10 full-time jobs must also be created. To find out more about the EB-5 requirements click here.  To review the six steps required to file an EB-5 application click here.

The regional center part of the program was temporary and requires regular renewal and the deadline for renewal was September 30th, 2015.  The renewal came right down to the wire and on September 30th Congress extended the regional center program until December 11, 2015.  The gives Congress more time to work on comprehensive change to the EB-5 program and some of those proposed changes are discussed here.  For now though, the investment amount and the other provisions of the EB-5 program remain unchanged.  This means at least until December 11, 2015, the investment amount will not increase.  We will continue to monitor the EB-5 Investor Visa changes and keep you informed.

For more practical or legal advice contact Scott Legal, P.C.. We offer services in a number of business areas including, Immigration, New Business set up, Contract review and development and entrepreneurial support. Call 212-223-2964 or email for a consultation.

Ian E. Scott is a Harvard Law School Graduate, lawyer and author of Law School Lowdown: Secrets of Success from the Application Process to Landing Your First Job.  Mr. Scott worked as a corporate litigator in the law firm Cleary Gottlieb and currently runs his own law firm Scott Legal, P.C. specializing in Immigration Law & New Business set-up. 

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