USCIS has issued a new policy manual on July 24 regarding the deployment of EB-5 funds. If you want a green card and have ever thought about starting or purchasing a business in the United States an EB-5 Investor Visa could be perfect for you. Generally speaking the EB-5 Immigrant Investor Visa (“EB-5 Visa”) requires that you invest either $1,050,000 in a city settings, or $800,000 in rural settings, and in return, the U.S. Government will give you a Green Card. To learn more about EB-5 investments, please click here. To learn more about the recent changes to the EB-5 system, please click here.
The new policy memorandum has addressed the following:
- The purchase of financial instructions (monetary contracts between parties) on the secondary market will generally not satisfy the deployment of capital requirement
- Capital may be further deployed into any commercial activity that is consistent with the purpose of the new commercial enterprise to engage in the ongoing conduct of lawful business.
- Provides that further deployment must be through the same new commercial enterprise.
- Provides that further deployment must be within the geographic area of the same regional center, including any amendments to the regional center’s geographic area approved before the further deployment.
- USCIS generally considers 12 months as a reasonable amount of time to further deploy capital, but will consider evidence showing that a longer period was reasonable.
