![\"U.S.](\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2017\/12\/seattle-2426307_640-300x200.jpg\" "\\"U.S.")
The popular immigration program, along with the rest of the government budget, was due to expire on December 8 under the previous temporary extension. The new short-term extension now expires on December 22.<\/p>\nThe U.S. EB-5 investment immigration program has received another temporary extension in its current form as part of a short-term funding bill passed by Congress late on Thursday, December 7.<\/p>\n
The popular immigration program, along with the rest of the government budget, was due to expire on December 8 under the previous temporary extension. The new short-term extension now expires on December 22.<\/p>\n
It means Republicans and Democrats have more time to reach an agreement that would see a long-term budget approved. President Donald Trump convened a meeting between lawmakers from both sides at the White House earlier on Thursday.<\/p>\n
Despite several calls for the EB-5 program<\/a> to undergo major changes, and others for it to be scrapped altogether, the status quo of continuing temporary extensions remains.<\/p>\n The current thresholds remain the same, with $500,000 required when investing in a Targeted Employment Area (TEA), and $1 million in a general area of business. The investment must create or preserve 10 jobs for qualified US workers.<\/p>\n There has been uncertainty over how Trump would view the program, given his tough stance on immigration and his background in property development. A spokesman for the White House said earlier in the year that the administration felt it was in need of \u2018substantial repair\u2019.<\/p>\n Talk of a major overhaul prior to the previous extension of EB-5 proved to be posturing as none of the multiple proposals put forward gained any traction.<\/p>\n Upon approval of the visa, the applicant along with his\/her spouse and unmarried children under the age of 21 may be admitted to the US during the two-year conditional term of the visa.<\/p>\n Several bills have been tabled with plans for EB-5, including raising investment levels and changing how a Targeted Employment Area (TEA) is defined.<\/p>\n It has faced criticism from several sources, who want it abolished. There are several ongoing court cases linked to potential EB-5 fraud. There are calls for a body to be formed to oversee these transactions, to ensure transparency.<\/p>\n Chinese candidates dominate applications for the EB-5 programs, which has an annual cap of 10,000 visa and 700 for individual countries. As a result, there is a years-long waiting list for Chinese applications.<\/p>\n Indians are also key candidates of the program, with many believing it is a better alternative to the H1-B visa, currently the subject of a Trump crackdown.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. EB-5 investment immigration program has received another temporary extension in its current form as part of a short-term funding bill passed by Congress late on Thursday, December 7. The popular immigration program, along with the rest of the government budget, was due to expire on December 8 under the previous temporary extension. The…<\/p>\n","protected":false},"author":2,"featured_media":0,"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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2wS","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9726"}],"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=9726"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=9726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=9726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=9726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nCurrent US EB-5 Investment Requirements<\/h3>\n
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\nU.S. EB-5: Inclusion of Family Members<\/h3>\n
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\nAlternative U.S. Business Immigration Programs<\/h3>\n
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