In this video, we're going to be talking about the changes coming up with the EB-5 Immigrant
Investor Program.
So stay tuned, don't go anywhere.
So, let's dive into the requirements and the changes coming up in November for EB-5 Immigrant
Investor Program.
So, this program has been around for more than 20 years, from the 90s.
And typically, we have two ways to file for an immigrant visa under the EB-5.
One is a direct EB-5 or you invest in your own business or in individual business, no
matter where it is.
That amount was about a million dollars, $1 million or more.
And we had to do certain requirements, create 10 jobs and retain the jobs, grow the business
and few other requirements that... we have done quite a few videos about the direct EB-5.
The other way was investing in a targeted employment area or in a regional center, which
typically, the government designates a project.
They apply for a designation under the EB-5 program and then they are allowed to raise
money from investors.
And that amount was half a million.
Under the changes that are going to be effective on November 2019, the amount for the direct
EB-5 is going to increase from a million to $1.8 million, which is higher...quite significant.
So, almost double.
For those that are going to be investing in a regional center or in targeted employment
areas, it's going to go from 500,000 to 900,000.
So again, quite significant and it's important to know that people that are watching this
video, before November, as long as you put yourself into the program, most likely you'll
be grandfathered under the old rules.
That's why it's important to get your fund source in order, whatever you have to do to
qualify, do it right now.
The other changes.
The other changes are that governments, right now, states and local authorities are allowed
to designate what is considered to be a target employment area.
And there are many reasons why they did that.
Some are political reasons, some are economical reasons.
But again, once an area is designated on the list, it is possible to either open a regional
center or attract investment.
What the government is saying now is that they want to take that power from the local...
from the state, from the cities, from the states, and vest that power into the DHS.
So there'll be able to have uniform rules everywhere.
What is considered to be a targeted employment area and they're going to be the ones designated
those areas.
Now, on one hand, it's going to create uniformity and on the other hand, it's going to be more
difficult for some areas to qualify and for certain local authorities to be able to attract
funds for those areas.
So once again, the government feels that there's been a lot of inconsistency and maybe some
improper areas were designated.
So now, there's going to be all uniform under the DHS control.
Another change that is going to happen is... as far as Removal Of Conditions.
Right now, Removal Of Conditions is all part of the same case.
So, people are filing as one unit, as one family.
They're going to allow certain flexibility into Removal Of Conditions.
There are people that are...either got the green cards separately or are applying in
different areas, either they're in the US or in a certain US embassy.
So, there will be more flexibility to the Removal Of Conditions process.
Another very important change is the retention of priority date for certain EB-5 applicants.
So, imagine you apply for EB-5 in the past and you didn't pursue it, you didn't pursue
the case.
The fact that you applied before, you should be able to retain their priority date if you're
going to apply for a new EB-5 case under the new rules, which is good because right now
it's really taking a long time.
And so, for people that already applied in the past, for whatever reason, they didn't
pursue their cases, if they're going to apply under the new regulations, they'll be able
to preserve their priority dates.
Which means the cases are going to go much faster.
But if you look at the changes, yes, the amounts are going to increase but at the same time,
there's demand for EB-5 application.
We are processing a lot of these cases right now.
We have a lot of inquiries from people that want to apply under the EB-5 program, whether
it's direct EB-5 or regional center.
So, it's really important to understand that those changes are coming and it's important
to be prepared with the source of funds, with everything that you need.
Do your due diligence if you are investing in a regional center, make sure that you choose
them on time.
Again, only time will tell how these changes are going to impact clients who are coming
to the United States as investors.
But at the same time, economies are good all over the world.
People have the funds to invest in the United States, still a great country to invest in.
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