Extension of the EB-5 Immigrant Investor Program to September 30, 2019
We are pleased to announce that the EB-5 Immigrant Investor Program has now been extended to September 30, 2019, with the minimum required investment amount remaining at $500,000. The legislation extending the EB-5 Immigrant Investor Program was attached to the Consolidated Appropriations Act, 2019, a continuing resolution for funding the U.S. government through September 30, 2019.
As I have outlined in previous articles, of greatest concern in connection with the EB-5 Immigrant Investor Program, are the plans that some leaders in Congress and at USCIS have to increase the minimum required investment amount from its current level of $500,000. USCIS has proposed, and plans to implement at some as yet undetermined point in the future, regulations that would increase the minimum required investment amount to $1.35 million. Fortunately, the latest seven-month extension gives a more reasonable period of time in order to plan and make arrangements to free up the investment capital needed. If someone is considering to invest and immigrate under the EB-5 Immigrant Investor Program, it would be wise to invest and file the I-526 petition during this relatively long period, by recent standards, when the current requirements will remain in effect.