Eb5 visa news

Here are some recent news updates related to the EB-5 visa program:

Recent Developments:

  1. EB-5 Reform and Integrity Act of 2020: On December 27, 2020, the EB-5 Reform and Integrity Act of 2020 was signed into law, making significant changes to the EB-5 program. The new law increased the minimum investment amount, introduced new requirements for regional centers, and created a new "targeted employment area" (TEA) designation.
  2. Increased Minimum Investment Amount: The new law increased the minimum investment amount for EB-5 investors from $500,000 to $900,000 for projects located in high-unemployment areas and from $1 million to $1.8 million for projects located in other areas.
  3. New TEA Designation: The law created a new TEA designation, which allows regional centers to designate areas with high unemployment rates as TEAs, making them eligible for lower investment amounts.
  4. Increased Oversight: The law introduced new requirements for regional centers, including increased oversight and reporting requirements to ensure compliance with program regulations.
  5. Extension of Program: The EB-5 program was extended until September 30, 2027, as part of the Consolidated Appropriations Act, 2021.

Recent News Articles:

  1. "EB-5 Reform and Integrity Act of 2020: What You Need to Know" (Forbes, January 2021)
  2. "EB-5 Visa Program Gets Overhaul, But Will It Help or Hurt Investors?" (Bloomberg Law, January 2021)
  3. "EB-5 Program Reforms Aim to Reduce Fraud and Increase Transparency" (Law360, January 2021)
  4. "EB-5 Visa Program Extension: What It Means for Investors and Regional Centers" (Immigration.com, December 2020)
  5. "EB-5 Reform Act of 2020: A New Era for the EB-5 Program" (EB5 Investors Magazine, January 2021)

Recent Updates from the U.S. Citizenship and Immigration Services (USCIS):

  1. EB-5 Program Updates: USCIS has updated its EB-5 program website with information on the new law and its implementation.
  2. EB-5 Form I-526 and I-829 Filing Fees: USCIS has increased the filing fees for Form I-526 (Immigrant Petition by Alien Entrepreneur) and Form I-829 (Petition by Entrepreneur to Remove Conditions).
  3. EB-5 Regional Center Designation: USCIS has updated its regional center designation process, including new requirements for regional center applications and annual reports.

Please note that the EB-5 program is subject to change, and it's essential to stay informed about the latest developments and updates. If you're considering applying for an EB-5 visa, it's recommended that you consult with an experienced immigration attorney to ensure compliance with the latest regulations and requirements.