LOS ANGELES, Feb. 9, 2022 /PRNewswire/ — A draft bill may soon be introduced in the U.S. Congress that proposes a reauthorization of the currently inactive regional center program and investment amount increase for EB-5.
If passed, the minimum EB-5 investment amount would increase to $700,000 from the current $500,000 for Targeted Employment Areas and Rural Areas and $850,000 from the current $1,000,000 for Non-Targeted Employment Areas for both regional center and direct EB-5 investments.
These higher amounts could take immediate effect on February 18, 2022, if the bill is passed.
More about EB5 Investment amounts changes
On June 22, 2021, The US District Court in Northern California, in Behring Regional Center LLC v. Wolf, 20-cv-09263-JSC, vacated the EB-5 Immigrant Investor Program Final Rule. This rolled back investment amounts to the previous EB-5 regulations in effect, including a standard minimum investment amount of $1 million and the minimum investment amount for investment in a Targeted Employment Area (TEA) of $500,000. The EB-5 Program was created in 1990 to stimulate the U.S. economy with capital investment by foreign investors and job creation.
Additionally, the EB-5 Regional Center Program expired on June 30, 2021, putting a halt on new applications for regional center designation and any pending petitions dependent on the lapsed process. Also known as the Immigrant Investor Program, it was created in 1992 to provide EB-5 visas for investors who put money into approved commercial projects for promoting economic growth.
More about EB-5 Visa Program
Through the EB-5 program, investors have a direct route to permanent residency in the U.S. for themselves, spouse and children under 21 by making an investment in a project that creates jobs. Currently, the minimum investment with a direct investment is that of the U.S. $500,000.
The investor and their family will profit from the ability to live, work, and retire in the United States, as well as the ability to attend college or university at resident rates and enjoy all of the benefits of permanent residency in the United States.
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About EB5 BRICS:
EB5 BRICS offers foreign investors the opportunity and instruments to gain permanent residency in the United States. Their team of experts partners with Regional Centers, business and tax law experts, and real estate and business management professionals to help clients achieve their goals of investment-based immigration to the United States.
If you’d like to meet and discuss EB-5 immigration and EB-5 investments including Current Direct EB-5 opportunities and Regional Center EB-5 Projects (subject to program reauthorization), fill out the form.
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Vivek Tandon, Esq
EB5 BRICS, LLC
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