The EB-5 Regional Center Program is officially extended until December 8, 2017. The extension was expected after the summer recess due to other congressional priorities.
The extension of the Regional Center authorization allows (USCIS), to continue to process applications until December 8, 2017 or until further legislative action.
There are advantages to filing under current provisions, but potential investors should seek legal guidance and evaluate the risks carefully.
This extension now gives Congress more time to decide on possible regulatory changes, as well as a permanent solution for the (EB-5) program. Also , the extension on (EB-5) Visa program has given investors as well as potential applicants an opportunity to file petitions before guidelines change at the end of the year.
The fact that the program is extended to December 8, 2017 does not guarantee that the program will remain unchanged until that date. It’s possible that Congress could pass legislation before December that would affect the EB-5 visa category. If you are interested in obtaining an EB-5 visa, please contact us for a consultation as to how you should proceed with your case.
There is also the possibility that the Department of Homeland Security (DHS) will issue the proposed regulations that were published in January, which would possibly increase the investment amount in a TEA to $1,350,000 and in other areas to $1.8 million.
Quebec Investment Consultation and Management Services LLC (Invest-visa.com) closely monitors all immigration related development and changes regarding the EB-5 immigrant investor program. Based on our experience, we highly recommend those interested in the EB-5 program, to contact our office as soon as possible, before any further changes occur.
For more information on the U.S. EB-5 Immigrant Investor Program, please click here
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