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 $1,800,000 in a city settings, or $900,000 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.
You can set up a consultation by clicking the link below.
To find out more about our services and fees contact Scott Legal, P.C.
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.