Update on the EB-5 Immigrant Investor Program - January 23, 2018
We are pleased to announce that the EB-5 Immigrant Investor Program, after a brief lapse of three days, has been extended to February 8, 2018, with the minimum required investment amount remaining at $500,000. However, I am very concerned that USCIS has now set a timeframe of February 2018 for placing into effect regulations that will drastically increase the minimum required investment amount to $1.3 million. USCIS announced its intention to implement the regulation in February 2018 in the reginfo.gov website where government agencies announce pending regulatory actions. Please click here to visit the website page with the announcement.
The upshot for prospective EB-5 investors is that, if they want to qualify based on an investment of $500,000, then now is the time to proceed because it is becoming increasingly certain that the minimum required investment amount will increase in 2018, possibly to $1.3 million as soon as February 2018. Congress could intervene, in the meantime, and impose an agreed upon lower minimum required investment amount. Either way, it is clear that the minimum required investment amount will nearly double or more than double.