Answer It is very difficult to say what Congress will do; however, we are still hopeful that the regional center program will ultimately be renewed. Based on recent events, it seems the most likely time for this to happen would be in December, with the regional...
Answer For now, the USCIS will not adjudicate any I-485 applications filed based on an I-526 petition, where the investment was made in a regional center. Assuming Congress renews the program, the USCIS is expected to resume processing these I-485 applications.As for the EAD application (form...
Answer Assuming the business is located in a targeted employment area (TEA), it may be possible to invest $500,000 in this business and apply through the EB5 program. If multiple people invest in a business, the business must create ten new jobs per EB5 investor. So,...
Answer Generally speaking, we recommend making the full investment prior to filing the initial I-526 petition. The regulations technically allow for a person to be "actively in the process of investing" at the time the petition is filed. However, doing so can be risky, and we...
Answer No, that is not correct. There are two major issues surrounding the EB5 program right now, but they are not directly related to one another. First, there is the looming deadline of the regional center program expiring on June 30, 2021. The regional center program...
Answer The EB5 program is permanent, so it will not expire. However, the regional center portion of the EB5 program is "temporary," so it periodically must be renewed. Presently, if no action is taken, the program will expire at the end of June. However, there are...
Answer This seems very unlikely. There was a lawsuit filed that was asking a court to reverse the regulatory change that increased the investment requirement. However, there is little reason to believe this lawsuit will be successful. (13.May.2021)Sheela Murthy and other senior attorneys provide guidance that...
Answer On November 21, 2019, a new regulation will go into effect that raises the minimum investment amount for EB5 cases to $1.8 million, or $900,000 if the investment is made in a targeted employment area (TEA). A TEA is a rural area or area of...
Answer Gifted money is acceptable. One would need a "gift letter" verifying that repayment is not required or expected, and one will need to be able to demonstrate in great detail how the person who provided the gift acquired the money. Also, if any gift tax...
