Under EB5, there is no language requirement, no age limit, and no management experience requirement. Applicants must have a net worth of minimum $1 million USD, and be able to document the source and path of funds for the investment and fees. There is no longer an OFAC requirement for Iranians, and refused Quebec and Canadian investor cases are welcome to apply to EB5.
Today, leaders in the United States Senate unveiled legislation to fund the Federal Government through December 11, 2015 that contains an extension for the EB-5 Regional Center Program.
The bill contains an extension for the EB-5 Program along with extensions for E-Verify, the Conrad-30 Waiver Program, and the Non-Minister Religious Worker Visa Program. Section 106 sets out the duration of the funding authority. Section 131 of the bill contains the language to extend the EB-5 program.
This is an exciting opportunity for investors or those wishing to live in the United States of America, as the current $500,000 USD investment level will remain in effect for all applications filed with USCIS before December 11, 2015. After that time, investment levels would increase from to $800,000 USD in Targeted Employment Areas (TEAs), and from $1M to $1.2M USD in non-TEAs.
As Kamali & Partners learns more about changes to the United States EB-5 Immigrant Investor Visa we will make further announcements. To learn about other Investment Programs for Citizenship, Second Passports or Residency click here.