Last chance to invest at 500k
Obtaining US Green Card through investment is getting more expensive. The US Department of Homeland Security (DHS) published a final rule on July 24, bringing a number of significant regulatory changes to its EB-5 Immigrant Investor Program. The final rule will come into effect on Nov. 21, 2019.
New developments under the final rule include:
- increase in the minimum required investment amount to a whopping US$900,000 from US$500,000 for TEA investments and $1 million to $1.8 million for non-TEA investments;
- revising the standards for certain targeted employment area (TEA) designations;
- giving the agency responsibility for directly managing TEA designations;
- clarifying USCIS procedures for the removal of conditions on permanent residence; and
- allowing EB-5 petitioners to retain their priority date under certain circumstances
The EB-5 visa program – one of the fast-track options to get U.S. Green Card and permanent residency through investment enables foreigners who make a significant investment in an approved real-estate project to obtain a green card and become lawful permanent residents, which allow them the right to permanently live and work in the United States with their spouse and children under the age of 21.
Under current rules, foreign investors are typically required to make either a US$500,000 or $1 million capital investment amount into a U.S. commercial enterprise. They must also create at least 10 full-time U.S. jobs for two years, among other criteria.
All the applicants who are considering investing under current EB-5 regulations need to lodge their application at least 2 months prior to the implementation of new rule, i.e. Nov. 21, 2019,
With four months left before the rules take effect, investors can still apply for the program with the current $500,000 minimum. WWICS can work to file your petition ahead of the deadline, as long as funds are in and documents are completed in the given time frame.
Why Pursue an EB-5 Visa through WWICS?
WWICS – World’s Largest Immigration Groups, with over 30 Offices all around the globe & more than 25 years of experience in the field of Immigration provides comprehensive Resettlement Solutions and Immigration Programs. WWICS has an expert team which will ensure smooth processing of the applicant’s EB-5 application with the concerned authorities.
Find out if you are eligible for US EB 5 Program!!
To find out if you’re eligible to apply under US EB 5 Program, simply complete our FREE ASSESSMENT FORM ! A member of the WWICS team will review your eligibility and contact you to discuss your options to apply!