For a quarter of a century, the EB-5 Regional Center Program has created thousands of jobs and brought abundant benefits to international investors and U.S. businesses alike. Current authorization for the EB-5 program was set to expire at the end of the fiscal year – on September 30 – but Congress has passed a continuing resolution (CR) that temporarily extends the EB-5 Regional Center Program through December 11.
The CR gives Congress additional time to consider changes before formally reauthorizing the Regional Center Program. Congress should act in a way that strengthens and protects the EB-5 program to ensure its continuing success.
If you are an international investor, learn more about the EB-5 program and investment opportunities in the United States by speaking as soon as possible with our experienced Las Vegas employment immigration lawyers.
With the December deadline looming, international investors may want to consider taking immediate action. The EB-5 Regional Center Program will almost certainly be reauthorized, but it will not be the same.
The minimum investment amount – currently $500,000 – will probably increase, the definition of a Targeted Employment Area will probably change, and there will probably be additional requirements for prospective EB-5 investors. You may want to contact an immigration attorney immediately and get your petition on file now, before Congress acts, which could be at any time before December 11.
To obtain an EB-5 visa, an international investor – under the current arrangement – must invest at least $1 million in a new business hiring ten or more full-time U.S.-based employees or at least $500,000 in a Targeted Employment Area. The EB-5 program offers participating international investors the benefits of lawful permanent residency in the United States.
Learn more – or get started now – by arranging as quickly as possible to consult with an experienced Las Vegas employment immigration lawyer. The December 11 deadline is rapidly approaching, and Congress could act even sooner, so make the call at once to learn more about EB-5 visas and some great investment opportunities in the U.S.
