: +27 615 780 000
US government modernizing the EB-5 Immigrant Investor Program 

US government modernizing the EB-5 Immigrant Investor Program 

 

Immigration services and U/S Citizenship will soon publish a final rule that will make some changes in the EB-5 program.  The rule will publish on 24 July 2019 and will become active from November 2, 2019. Observing the first important revision of the Investor program's regulation after 1993.

Latest changes under this final rule are:

Increasing the minimum investment costs :

Significantly raised investment amounts from $500,000  to $1.35 million and $1 million to $1.8 million. 

Targeted employment area (TEA) designations:

TEA designation reforms:  This final rule highlights the changes to the program to meet gerrymandering of unemployment areas. Gerrymandering of these areas was generally achieved by joining a series of census tracts in order to link a project location to an agitated community to get the qualifying unemployment rates. 

DHS will reduce a state's capacity to choose certain political and geographic subdivisions as major unemployment locations. These changes will make sure the Tea designations made consistently and fairly. 
 

Explaining USCIS systems for eliminating limitations on the permanent residence:

The rule changes regulations in order to make explicit that some derivative members of the family who are permanent residents must individually file to eliminate conditions on their permanent residence

The condition would not appeal to those members who were involved in an investor’s petition to expel conditions. This rule revises the adjudication method for eliminating conditions by offering versatility in interview areas and to foster the contemporary USCIS procedure for issuing Green Cards.

Granting EB-5 pleaders to conserve their priority date:

This rule offers high flexibility to investors who have an early approved EB-5 immigrant petition. It means, now if they wish to appeal for a new EB-5 petition, they normally now will be eligible to keep the previously approved petition priority date. 

Content ElseMart for more visa information and updates.



You might be interested in these similar informations


Step-by-Step Guide to Making an Application for Registration to ECSA

Step-by-Step Guide to Making an Application for Registration to ECSA

Step-by-Step Guide to Making an Application for Registration to ECSA ..

13-08-2020
Ask

Ask

Else Visa Ask – Largest African Travel Community ..

2 years ago
Embassies

Embassies

Else Visa Experts - Provide you to information about Embassies ,our team able to solve you query abo..

2 years ago
Share
South Africa Visa : How to fix overstayed visa in South Africa?

South Africa Visa : How to fix overstayed visa in South Africa?

South Africa Visa: How to fix overstayed visa in South Africa? While there are so many important ..

273
2 years ago
South africa visa

South africa visa

Else Visa Experts - Provide you to information about South Africa Visa ,our team able to solve yo..

89
2 years ago