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EB-5 Investment Amount Increase?
Last week, the U.S. Office of Management and Budget (“OMB”) cleared USCIS regulations for publication to 1) increase the EB-5 investment amount from the current minimum of $500,000, and 2) change the Targeted Unemployment Area (“TEA”) rules. One immigration blogger predicts the new rule will be published within two weeks. If...
Indian EB-5 Quota Update
There are 10,000 EB-5 visas annually. No country can take more than 7% per fiscal year. The State Department (“DOS”) has announced that by July, the approximately 700 Indian EB-5 visas will be nearly exhausted for this fiscal year and the Visa Bulletin will have a cut-off date “sometime in...
After the EB-5 I-526 petition is granted, one residing in the United States (for example on an H-1B professional worker or F-1 student visa) has a choice of procedures to complete their immigration: 1) apply in the United States for "adjustment of status" or 2) apply for an immigrant visa (IV) abroad at the...
EB-5 Investment Amount Increase Delayed
EB-5 Investment Amount Increase Delayed The Office of Management & Budget has indicated the EB-5 visa investment amount may be increased in August 2018. However, a few days ago, there was a hearing in Washington, DC where the head of the United States Citizenship and Immigration Services (USCIS) said that the...
Possible Increase in EB-5 Investment Amount The US Office of Management and Budget (OMB) has just issued its agenda for new regulations and it again includes new EB-5 regulations. The OMB estimated “Final Action” to be in August 2018.The proposed rule change would increase the investment amount and change the TEA...