Minimum Investment Amount Increased to $900,000 For EB-5 Green Card
New rules will be published by the government on July 24, 2019 that will take effect on November 21, 2019.
The main rule changes that are confirmed as of now are:
- TEA (Targeted Employment Area) investment amount for the EB-5 visa has been raised to $900,000, while areas outside a TEA will now require a minimum investment of $1.8 million.
- New technical rules, such as clarification on I-829 procedures for removal of conditional permanent resident status, will be imposed.
- TEAs will be calculated differently. More information is expected on the exact mechanics before the new rules go into effect.
Those who have already filed an I-526 petition and invested will not be affected by these rules, as they are not retroactive. EB-5 applications can be filed at the $900,000 level until the new rules take effect on November 21, 2019.
Those interested in EB-5 immigration will want to consider filing at the $900,000 investment level, as future TEA rules will greatly reduce the number of available EB-5 projects.
If you would like to learn more about these changes, please reach out to Mark Ivener at mark@usworkvisa.com
