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Retrogression

The annual restriction on the number of EB-5 visas to be awarded is the job of the Immigration and National Act, which remains ten thousand in value. The number of visas awarded will include the potential investor, spouse, and unmarried kids under the age of twenty-one. In every EB-5 petition, you will find three family relations. Every year 3,300 EB-5 petitions can use up all ten thousand EB-5 visas. There is an amount awarded to every nation of around seven percent or 700 EB-5 visas to the total annual restriction of ten thousand EB-5 visas. The US Department of State imposes a limit when a country is surpassing the initial seven hundred EB-5 visas awarded to it. The cut of date will help to control the process called retrogression.

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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 February 2022, and continues to work with international families that want to explore alternative residency options.

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