The EB-5 green card is a United States visa program. It has been created by the U.S. Congress in 1990. It enables foreign investors to obtain a U.S. Get visa by investing in a business. That will benefit the U.S. economy and create jobs investment increase every 5 years.
This time it will increase investment amounts from $500,000 to $900,000 for TEA investments and from $1 million to$1.35 million for non-TEA.
It provides the person with great characteristics as:
- The Permanent U.S. residency in as short as 20 months with no waiting lists
- Higher university acceptance rates & lower tuition rates
- Live, work, retire or attend school anywhere in the U.S.
This is for you and your whole family who has a green card, so this might be the best thing that you might do in your whole life. It can benefit you a lot and your family.
This is a worldwide representation, you can apply for it from nearly 100 countries and affiliate representatives located in China, Vietnam, India, and the Middle East that are available to help you, so that means that you can apply from anywhere in the world.
Estimation of Investment
It is estimated that the investment that EB-5 immigrants have invested $27.5 billion in the United States since 2008. However, the program almost crashed when there have been a few cases of fraud, where EB-5 investments were funneled to individuals instead of job-creating projects. This has lead to a lot of loss.
The New Regulation
The new regulation raises the investment level for the EB-5 visa by 80% minimum investment required in a TEA increased from $500,000 to $900,000 (less than DHS’s original proposal of $1.35 million), while the investment with non-TEAs rose from $1 million to $1.8 million (the same as DHS’s original proposal.
The difference between the TEAs and the non-TEAs is 500,000 this difference motivates 99% out of the petitioners to invest in the projects that are in the TEAs, making the gap between the TEAs and the non-TEAs doubles to 900,000.
Now the TEAs are nominated to the state economic agencies like the departments of labor or the economic development. These new rules take authority away from the state. The new rules don’t only affect this but also affect how the members of the foreign families are going to be able to get green cards.
EB-5 investors and their families are given conditional permanent residence. Once they get their visas, and they have completed two years in the states and the conditions of the EB-5 are applied in the family, they may apply to have the conditions of their visa removed and transition to legal permanent status (green cards).
The new rules have to be family members, not principal investor to apply for this on his own as opposed to applying jointly. This will increase the filing fees that are collected from green card applications.
So, all of this means that people are still going to invest in the TEAs department as it is way more comfortable for the people. The gap between the TEAs and the non-TEAs is not going to get smaller, but it is going to expand more and more.