On June 27th, 2019, the Office of Management and Budget (OMB) completed its review of the long-awaited EB-5 Immigrant Investor Program Modernization rules (which may substantially increase the minimum investment amount required for new EB-5 investors). Click here to view the official announcement.
Minimum EB-5 Investment Amount may increase
As proposed, the new final regulations may raise the minimum investment amount from $500,000 to $1.35 million or $1.8 million, depending on the EB-5 project’s location. Once these new regulations are published in the Federal Register, we expect there to be a grace period of up to 60 days before the final regulations become effective.
The timing for the publication of these final regulations in the Federal Register has not been announced nor has the text of the final regulation been made available to the public yet.
LCR Capital Partners and its experienced immigration law partners are closely monitoring this important development and will circulate an advance copy of the new EB-5 regulations, as soon as they are made available.
The timing may never be more attractive than it is now to move forward with the EB-5 investment visa program.