Last week on November 21, President Trump prevented a government shutdown and signed a short-term continuing resolution extending the EB-5 Regional Center Program through December 20, 2019.
Interested investors can continue to file EB-5 petitions for the next month, but should be aware of the program changes that have also gone into effect:
The new “EB-5 Modernization Regulation” took effect on November 21, 2019, raising the minimum investment amounts.
- Targeted Employment Area Investments: $900,000 (formerly $500,000)
- Non-Targeted Employment Area Investments: $1.8 million (formerly $1 million)
The Value of EB-5
The U.S. EB-5 program is widely seen as one of the easiest ways to obtain a permanent green card and eventual citizenship in the United States. Compared to other countries’ investor visa programs, the EB-5 Program is still at a competitive edge:
- Endless Job Possibilities: Having a Green Card opens up greater job possibilities. An EB-5 Green Card does not require employer sponsorship to work and holders can obtain employment in any U.S. territory provided it does not require U.S. citizenship. EB-5 investors also can start a business or form a corporation.
- Eligibility for U.S. Citizenship: EB-5 Green Card holders are eligible to apply for U.S. citizenship after being permanent residents for an established amount of time.
- Immigrate with your Family: Investors, spouses, and any unmarried children under 21 can all receive U.S. Green Cards with a single investment. It will still be valid even if you die or lose your job, and you can sponsor Green Cards for family members.
- Flexible Travel: Holding an EB-5 visa allows one to leave and enter the U.S. without fear of being denied reentry by immigration officials. There is also the freedom to live and work anywhere in the U.S. with no travel restrictions.
- Retirement Benefits: Working in the U.S. for a total of 40 quarters (which comes out to 10 years, 4 quarters each year), allows for eligibility by Green Card status for Social Security benefits upon retirement.
- Legal Rights and Protection: Green Card holders are entitled to most legal rights under U.S. law. They can own firearms, property, and cars like other U.S. citizens.
What is the EB-5 Program?
The EB-5 Program was created by Congress in 1990 to stimulate the U.S. economy through capital investment and job creation. Eligible foreign nationals can apply for U.S. green cards in exchange for investing a minimum of $900,000 into a job-creating new commercial enterprise.
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