We are pleased to announce that the EB-5 program has been extended to April
28, 2017, with the minimum required investment amount remaining at $500,000.
I would caution anyone who is interested to invest under the EB-5 program,
and wants to do so at the $500,000 investment amount, to act quickly because
pressure is mounting in Congress to increase the minimum required investment
amount from $500,000 to $800,000 along with passing other changes to the
program that leading members of Congress believe to be necessary in order
to maintain the integrity of the EB-5 program. Some of these changes would
create a more restrictive definition of what areas qualify based on the
minimum required investment amount, and so future investments would need
to be in even more economically depressed, i.e., less desirable and less
economically viable areas.
Moreover, USCIS is beginning the process to increase the minimum required
investment amount through the regulatory process, which it has asserted
in the past that it has the authority to do, and Congress has not refuted
this assertion. On November 22, 2016, the Department of Homeland Security
("DHS") updated the regulatory agenda for the EB-5 program.
According to the Office of Information and Regulatory Affairs, DHS is
about to release proposed regulatory changes to the EB-5 program after
the beginning of 2017. In that case, given the time frame for the notice
and comment period and implementation, the changes would likely take effect
in the middle to latter half of 2017. The bottom line is that if you are
interested to immigrate under the EB-5 program at the $500,000 investment
amount, then you need to proceed now, not later.