On Wednesday, July 24th, 2019, the new EB-5 program federal regulations were published in the Federal Register. The new rules go into effect on November 21, 2019.
EB-5 investors will be grandfathered under the $500,000 investment amount if the petitions are submitted prior to the effective date.
https://www.federalregister.gov/documents/2019/07/24/2019-15000/eb-5-immigrant-investor-program-modernization
Some of the key developments under the final rule include:
- Raising the minimum investment amounts ($900,000 for TEA and $1.8 million for non-TEA);
- Revising the standards for certain targeted employment area (TEA) designations;
- Giving USCIS responsibility for directly managing TEA designations;
- Clarifying USCIS procedures for the removal of conditions on permanent residence; and
- Allowing EB-5 petitioners to retain their priority date under certain circumstances.
