The EB-5 Program was set to expire on September 30, 2019. It has now been extended to November 21, 2019. On September 28, a Continuing Resolution was passed by Congress and signed into law by the President to extend the EB-5 Program to November 21, 2019.
This extension coincides with the effective date of the new EB-5 Modernization Regulations, which:
- Increases the investment amount
- Changes who has the authority to make TEA designations
- Implements stricter TEA requirements
The current minimum price for an EB-5 investment is $500,000. This will increase to $900,000, effective November 21st, 2019.
For more information on impending changes to the EB-5 Modernization Regulations, please contact us at [email protected]
Therefore, if you’re considering moving forward with EB-5 please be aware of the upcoming investment amount increase. Proper planning is important if your goal is to move forward under the current rules. You will need to move fast to:
- Complete due diligence and select an EB-5 project
- Submit investment documents
- Fund the EB-5 investment
- File your I-526 petition before November 21st in order to ensure adjudication under the current rules of the program.
The new regulations state that anyone that invests into an EB-5 project and files their petition prior to November 21st will be grandfathered under the current rules of the program as they exist today.
Houston EB5‘s mission it to provide excellent care to our clients; we only succeed when you succeed. This is why our entire team is 100% focused on assisting you to move forward prior to the EB-5 investment amount increase. Houston EB5 has a sterling record of successfully assisting foreign investor interested in the EB-5 program. Please contact us today at [email protected]
If you want to save $400,000, we recommend you file your EB 5 petition as soon as possible. To know more about our EB5 project, The Allen, click here!