The EB-5 Visa Program has just been extended until December 11th 2015.
Yesterday, September 30, 2015, the U.S. Congress approved a short-term law that extends the EB-5 Regional Center Program until December 11, 2015. This is great news for investors currently considering an application.
The effect of this new law is to extend the EB-5 Regional Center visa program without any changes until December 11, 2015. This is a very fortunate development for current EB-5 investors as the minimum investment amount of $500,000 remains the same until December 11, 2015.
This extension provides additional time for Congress to consider a long-term reauthorization of the Eb-5 programme that would include reform measures to strengthen federal oversight and the integrity of the program. After December 11th 2015, The U.S. Congress and the President will again need to pass a new law to continue the Eb-5 Regional Center Program. It is widely expected that the EB-5 Regional Center Program will experience some big but important changes when the new legislation is passed after December 11th.
Lawmakers will likely raise the minimum investment amount for EB-5 investors, and changes could be made to the requirements for new Regional Center investment projects. We will continue to closely monitor Eb-5 legislation activity in order to detect changes in requirements for EB-5 investors.
Since its inception, the EB-5 Regional Center program has enjoyed bipartisan support – for good reason. Since 2008, EB-5 has generated $11.92 billion in foreign direct investment. And, from 2010-2013 alone, the program contributed $9.62 billion to gross domestic product while supporting an average of 30,000 jobs per year. Over 95 percent of all EB-5 investments flow through EB-5 Regional Centers Program.