Apply for the EB-5 Immigrant Investor Program for a USA Green card in 2024!
Eligibility Criteria
On March 15, 2022, the President of the United States signed and approved the FY2022 Omnibus Appropriations Bill which includes updates to the EB-5 program. Therefore, the EB-5 Regional Center Program has now been authorized through to 2027. Outlined below are an overview of the included updates:
- The EB-5 Regional Center Program will be renewed through FY2027 in legislation passed by the President on 15 March 2022. Note that the EB-5 Program had been expired since June 30, 2021.
- The EB-5 Program will be renewed for 5-year periods there-after, through the effective date, which will be 60 days following the enactment.
- Re-authorization protects Investors from future expirations of the EB-5 program and applies to Investors who file before September 30, 2026.
- Updates the responsibility of determination of High Unemployment Areas (TEAs) to Homeland Security instead of individual State and other local Government authority.
- The minimum investment amounts are now increased to $800,000 USD for TEA’s from $500,000 USD and $1,050,000 in non-designated TEA areas.
- EB-5 Visa set-asides have been updated with 32% priority within a fiscal year for specific projects with the following updated breakdown:
1. 20% will be set-aside for rural projects.
2. 10% will be set-aside for high unemployment areas.
3. 2% will be set-aside for infrastructure projects.
- Grandfathering language has been included that ensures Investors can proceed with their cases regardless of sunset dates.
- USCIS is now able to accept new Regional Center filings and will start to continue to adjudicate pending cases that were suspended after the program expired, in 2021.
Contact VisaConnect’s Immigration Consultants and our US Immigration Attorney’s for advice and assistance with your EB-5 Visa application in 2024!
See our web page for further information about the EB-5 program:
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