ALC’s Stance on The New Era of EB-5
On July 24, USCIS published a final rule modernizing EB-5 regulations to go into effect November 21, 2019. This is the most significant policy change in the history of the EB-5 Immigrant Investor Program.
Major changes to the program include the raising of new minimum investment requirements, TEA designation reform, clarification of permanent residence procedural removal of conditions, and priority date retention. TEA investments will increase from $500,00 to $900,000 and non-TEA from $1.3 million to $1.8 million. Most beneficial to investors will be the retention of priority dates for those with I-526 approvals.
Though not perfect, the new regulations are a step in the right direction and will positively impact the industry for years to come. See below for ALC’s stance on the new era of EB-5.