EB-5 Program

This program was created by Congress in 1990 with the intent of stimulating the US economy by encouraging foreign nationals to invest capital into it. By investing in a business in the US, the EB-5 program enables immigrant investors to get ‘green cards’, that is, permanent residency within the US. To qualify for the program, EB-5 applicants are usually mandated to invest either $900,000 or $1.8 million dollars which is also referred to as the Employment-Based Immigration: Fifth Preference. Within the first two years, 10 fulltime American jobs must be created from the applicant’s investment. EB-5 investors, as well as their spouse and children under 21 who are not married can reside and work in the US permanently once the program has been completed.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in December, and continues to work with international families that want to explore alternative residency options.

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