The minimum investment amount for the US EB-5 visa Regional Center Program has been reduced to $500,000 based on a ruling by the US Northern District Court of California. The Court declared the Modernization rule of 2019 that raised the minimum investment requirement for the program from $500,000 to $1 Million illegal and has vacated the ruling. The rule was passed by the US Department of Homeland Security which has the right to appeal the Court’s decision.
The EB-5 program Regional Center Program is currently on hold due to its authorization expiring as of June 30, 2021 and it is currently waiting for reinstatement by the US Congress. While it is likely that the program will be reinstated in the next few months, the final form of the program is yet to be determined.
If the Courts ruling to reverse the minimum investment back to $500,000 stands, it could lead to a rush of applicants when the program is re-authorized. There is a quota of 10,000 EB-5 visas that can be issued annually with no country able to claim more than 7% of the quota per fiscal year. This means that countries with large populations like India and China are also limited to a total of 700 EB-5 visas per year.
With the expected rush in the event that the program is reauthorized in the next few months, we recommend that customers start evaluating different EB-5 Regional Center investment options and putting together the necessary documents and investment funds to submit their applications.
To get more information & assistance with the EB-5 Visa, please submit the form below and our specialist will get in touch with you at the earliest.