{"id":55860,"date":"2019-07-26T11:09:08","date_gmt":"2019-07-26T15:09:08","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=55860"},"modified":"2019-07-26T14:08:04","modified_gmt":"2019-07-26T18:08:04","slug":"higher-investment-requirements-and-stricter-regional-centre-rules-coming-as-dhs-approves-new-eb-5-visa-rules","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/higher-investment-requirements-and-stricter-regional-centre-rules-coming-as-dhs-approves-new-eb-5-visa-rules\/","title":{"rendered":"Higher Investment Requirements and Stricter Regional Centre Rules Coming as DHS Approves New EB-5 Visa Rules"},"content":{"rendered":"\n
The Department of Homeland\u00a0Security\u00a0(DHS)\u00a0has published the final rules\u00a0modifying\u00a0the\u00a0US EB-5 visa\u00a0program.<\/p>\n\n\n\n
The\u00a0initial\u00a0Notice of\u00a0Proposed\u00a0Rule making (NPRM)\u00a0was first\u00a0published\u00a0in\u00a0the\u00a0Federal\u00a0Register on\u00a0January 13, 2017.\u00a0<\/p>\n\n\n\n
The changes will take effect from November 21, 2019, and will see the most important changes to the EB-5 visa program in nearly 30 years. These changes include an increase in minimum investment, centralized designation of Targeted Employment Areas (TEA), and retention of earliest priority date for an EB-5 applicant compelled to file multiple I-526 petitions. <\/p>\n\n\n\n
Category<\/strong><\/td>Current<\/strong><\/td> | New Rule<\/strong><\/td><\/tr> | <\/td> | <\/td> | <\/td><\/tr> | Enterprises not located Targeted Employment Areas<\/td> | $1 million<\/td> | $1.8 million<\/td><\/tr> | TEA Projects<\/td> | $500,000<\/td> | $900,000<\/td><\/tr><\/tbody><\/table>\n\n\n\n | Further, the new rules provide for regular five-year review of the minimum investment limits for adjustment for inflation. Going ahead, investors may face increased investment requirements, when five-year inflation rates are factored.<\/p>\n\n\n\n Changes to Ta<\/strong>rgeted Employment Areas<\/strong><\/h3>\n\n\n\nAs per existing rules, an investor compelled to file a new petition post approval of his\/her I-526 petition does not retain the priority date and faces a significantly longer waiting period for a green card. <\/p>\n\n\n\n As per the new rule, an investor\u00a0will retain\u00a0the\u00a0priority date\u00a0except\u00a0when\u00a0revocation of approval\u00a0takes place due to investor\u2019s fraud or\u00a0willful\u00a0representation or due to a material error by\u00a0the\u00a0investor.\u00a0<\/p>\n\n\n\n However, this entitlement does not extend to investors who have entered the US as a conditional permanent resident. <\/p>\n\n\n\n Impact of the\u00a0Changes<\/strong>\u2022\u00a0A likely surge in EB-5 filings until\u00a0November 21st<\/sup>\u00a02019, as investors scramble to qualify under the\u00a0existing lower\u00a0investment limit.\u00a0\u2022\u00a0Increase in backlog and consequent\u00a0increase\u00a0in adjudication and processing time for\u00a0EB-5 investors filing after the new rules come into effect on November\u00a021.\u2022\u00a0A\u00a0likely fall in\u00a0filings in\u00a0Fiscal Year 2020\u00a0as\u00a0the\u00a0higher investment requirement\u00a0comes into force.\u2022\u00a0Increase in number of rural EB-5 projects since investors no longer have the option of\u00a0investing in TEA projects in urban areas\u00a0located in\u00a0an\u00a0MSA.\u2022\u00a0Increased\u00a0risk for investors who\u00a0will have to\u00a0identify viable projects that will fulfill all\u00a0operational\u00a0and job-creation requirements\u00a0till the\u00a0end of\u00a0the\u00a0period of conditional permanent residence in the US.\u00a0\u2022\u00a0Increased investor interest in\u00a0the\u00a0Quebec Immigrant Investor Program, which offers a simpler and\u00a0less risky\u00a0route to permanent residence in a developed country.\u00a0<\/p>\n\n\n\n With the possibility of further changes and reforms by lawmakers, EB-5 investors will face an uncertain future ahead, even following November 21, 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" The Department of Homeland\u00a0Security\u00a0(DHS)\u00a0has published the final rules\u00a0modifying\u00a0the\u00a0US EB-5 visa\u00a0program. The\u00a0initial\u00a0Notice of\u00a0Proposed\u00a0Rule making (NPRM)\u00a0was first\u00a0published\u00a0in\u00a0the\u00a0Federal\u00a0Register on\u00a0January 13, 2017.\u00a0 The changes will take effect from November 21, 2019, and will see the most important changes to the EB-5 visa program in nearly 30 years. These changes include an increase in minimum investment, centralized designation of Targeted Employment Areas (TEA), and retention of earliest priority date for an EB-5 applicant compelled to file multiple I-526 petitions. Changes to the Investment Requirement Category…<\/p>\n","protected":false},"author":2,"featured_media":54373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[6,347,454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2018\/09\/Visa-Backlog_92336451.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-ewY","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55860"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=55860"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/54373"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=55860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=55860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=55860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |