Spike expected for investor visa requirements
Key Points(5)
- The EB-5 investor visa allows foreign investors to obtain residency through investing capital in their U.S.
- businesses or a USCIA-approved business center.
- But with the program set to expire on September 30th, Congress has recently been very busy rewriting eligibility requirements, including increasing the minimum investment amount from the current $1 million to $1.8 million.
- They are also looking at increasing the Regional Center and Targeted Employment Areas (TEA’s) from $500,000 to $800,000.
- A new proposal even argued to increase capital investment to $2 million dollars.
The EB-5 investor visa allows foreign investors to obtain residency through investing capital in their U.S. businesses or a USCIA-approved business center. But with the program set to expire on September 30th, Congress has recently been very busy rewriting eligibility requirements, including increasing the minimum investment amount from the current $1 million to $1.8 million.
They are also looking at increasing the Regional Center and Targeted Employment Areas (TEA’s) from $500,000 to $800,000. A new proposal even argued to increase capital investment to $2 million dollars.
This leaves a very short period of 30 days or less for new investors to get into the program under the existing $500,000 minimum before the planned increase. To meet this requirement, not only will investors be required to make the full $500,000 payment, but also provide extensive documentation to prove the source of their funds. Investors who want to qualify under the current capital requirement are advised not to delay.
