Increase may take place as early as September 2015
The EB-5 Visa allows foreign investors to invest capital in their own U.S. business or a business center approved by the USCIS and obtain Residency (a Green Card) for themselves and their family.
But with the EB-5 Investor Visa program set to expire next month on September 30th, Congress has recently been very busy rewriting requirements for eligibility, including increasing the minimum investment amount requirements for EB-5 Investors from the current $1 Million to $1.8 Million and for Regional Center and Targeted Employment Areas (TEA’s) from $500,000 to $800,000.
Recently a new proposal was introduced to increase the capital investment to $2 Million dollars. What’s worse is that the new changes could go into effect very quickly in the coming days, leaving only a very short period of 30 days or less for new EB-5 investors to get into the program under the existing $500,000 minimum investment amount before the planned increase.
To meet this requirement, not only will investor’s be required to make the full $500,000 investment, but additionally to provide extensive documentation to prove the source of their investment funds and complete eligibility for the Residency visa. Investors who want to qualify under the current $500,000 capital requirement are advised not to delay, or they may miss the deadline.