Is the EB-5 program changing? World Trade Center San Francisco is here to give you the EB-5 latest news.
There has been a lot of rumors going around about the EB-5 Program. Possible extensions and a potential raise in investment amount of up to $800,000. What really is going on with the EB-5 latest news?
This is a complicated question because as of right now, EB-5 was just extended with a continuing resolution that extends the program through the end of April exactly as it has always been.
One thing to note, the EB-5 Investment Program has plenty of support within the United States government and should continue to be supported for the foreseeable future. That being said, change is coming to the EB-5 Program. The reason behind all the temporary extensions is that congress has not been able to agree, yet, on all the changes that it is going to make to the program.
The uncertainty circulating the program has caused the market to come to a halt as many investors are looking to wait and see what happens.
Topics receiving the most discussion amongst those in congress include the following:
• Minimum Investment Amounts
• Target Employment Areas
• Rural and Metropolitan Areas
• Job Creation
• Visa Allotment
• Regional Center Auditing
• And More…
There are plenty of rumors circulating because no one knows for sure what is going to be changed and what will stay the same. What we do know is that the amount of investment is going to increase. We do not know to what amount as of this time, but it is fairly certain that there will be a significant minimum investment increase.
Investors have shied away from starting their EB-5 investment, but with the coming changes, this may be the last time to start an EB-5 investment at the current investment amount of $500,000 USD. Waiting could result in more capital being required for the initial investment as well as additional fees which may be required, and effects to the job creation method.
If you are someone that has considered EB-5 investment, now could be the perfect time. We are experts in EB-5 investment with dedicated projects focused on secure investment and getting you the permanent residence that you desire.
The information in this article is meant for general information purposes only and should not be taken as legal advice. Please consult an immigration attorney for your specific immigration needs.