When the investor’s EB-5 petition has been approved, but there has been fraud or misappropriation of funds by the regional center, NCE or project, the investor retains their priority date. Where there is fraud by the investor resulting in the approval of an EB-5 petition, the priority date is not retained. If there is a… Read More
A federal appeals court in Washington has ruled that U.S. Citizenship and Immigration Services (USCIS) unreasonably denied a group of investors’ petitions for EB-5 visas on the basis that their investment didn’t comply with the rules of the program.
The new EB-5 regulations came into effect on November 21, 2019, and several amendments have been introduced to the program. Established in 1990 by the Immigration Act of 1990, the EB-5 Immigrant Investor Visa Program allows eligible, foreign investors to become lawful permanent residents by investing at least $900,000 to finance a business in the… Read More
The U.S. Department of Homeland Security (DHS) finalized regulations which may upend the EB-5 investor visa program. The rule, which increases minimum investment amounts in TEA areas to $900,000 from $900,000 and all other areas to $1.8 million from $1.8 million, will go into effect on November 21, 2019. The adjustments to the minimum investment… Read More
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… Read More