EB5 investors visa program changes on November 21, 2019

USCIS will publish final rules tomorrow(July 24, 2019) changing the EB5 program as we know it. 

Some of the key developments under the final rule include:

· Raising the minimum investment amounts ($900,000 for TEA and $1.8 million for non-TEA);

· Revising the standards for certain targeted employment area (TEA) designations;

· Giving USCIS responsibility for directly managing TEA designations;

· Clarifying USCIS procedures for the removal of conditions on permanent residence; and

· Allowing EB-5 petitioners to retain their priority date under certain circumstances.

Anyone who wants to participate in this program should act now in order to file the petition before November 21, 2019.