EB-5 PROGRAM REGULATORY AMENDMENTS EFFECTIVE NOVEMBER 21st, 2019

Please be advised that on November 21st, 2019, substantial amendments to the EB-5 Alien Entrepreneur Program will become effective.

In particular, the amendments will affect the following regulatory requirements of the EB-5 Program:

    1. The minimum amount of foreign direct investment will be increased from $1 Million to $1.8 Million;
    2. The minimum foreign investment amount in a TEA (Targeted Employment Area – especially important to Regional Centers) will surge from $500,000 to $900,000;
    3. The state’s ability to designate TEA zones will be eliminated and transferred to directly to the U.S. Department of Homeland Security.

We encourage potential EB-5 investor candidates to make their decision as soon as possible, hiring attorneys and choosing projects so that they may file their cases before the amendments go into effect. In our practice, we will require 45 to 60 days to prepare and file the I-526 Petition once the client has signed a retainer agreement, and we have received the package of required documents from the investor.