Congress extended the EB-5 Immigrant Investor Program allowing the visa program to run in its current format until December. The House and Senate approved short-term federal spending legislation containing an extension for the program’s Regional Center component through December 9, 2016, with no reforms.
The program was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In its current format, the Regional Center program requires that the applicant invest $800,000 to $1,050,000 in a regional center project, depending on the location of the business or project, and this investment must create at least 10 full-time jobs.
To learn more about the Eb-5 Investor Visa in its current format, click here.
Congress has been considering several reforms to the EB-5 program over the past few years, including increased oversight, fraud prevention and a stronger commitment to the program’s legislative intent of creating jobs for U.S. workers and stimulating U.S. economic growth. This means that it may make the EB-5 green card more difficult to get and current projects may have to spend significant time and resources to comply with the new requirements.
To learn more about other proposed changes, click here.
Stay tuned as we monitor these developments and keep you updated.
RELATED CONTENT:
- What is Happening to the EB-5 Investor Visa Program? How Will the Reauthorization Affect Foreign Nationals Who Want to Invest in the United States?
- What is Happening to the EB-5 Program? What Are the Changes Being Proposed to the EB-5 Program and Regional Centers and Is the Investment Amount for EB-5 Increasing?
- Interested in an Investor Visa? Differences Between E-2 Visa and EB-5 Visa
FREE EB-5 Visa Resources
Click on the buttons below in order to claim your free EB-5 Visa Guide, sign up for our free EB-5 Visa Webinar, or watch our EB-5 Visa videos.
Set up an EB-5 Visa Consultation
For a dedicated one-on-one EB-5 Visa consultation with one of our lawyers, click on the button below to schedule your consultation.
This website and blog constitutes attorney advertising. Do not consider anything in this website or blog legal advice and nothing in this website constitutes an attorney-client relationship being formed. Set up a one-hour consultation with us before acting on anything you read here. Past results are no guarantee of future results and prior results do not imply or predict future results. Each case is different and must be judged on its own merits.
