The EB-5 Program Buys More Time Until December

EB-5

The EB-5 Program, as it presently stands, grants permanent residence to foreign investors if they invest $500,000 (in high unemployment areas) or $1 million (in low unemployment areas) in a new business that employs at least 10 U.S. citizens or Lawful Permanent Residents on a full-time basis.

Since its inception in 1990, many believe the program minimum amounts of investment is due for an increase, and there has been speculation that the minimum amounts will increase, from $500,000 to $800,000 and from $1 million to $1.2 million, respectively.

Congress extended the EB-5 visa program on September 30, 2016, allowing the program to run until December 2016.  Continue reading

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