EB5 Regulation Change Imminent
The governmental agency OMB has concluded its review of the long awaited EB-5 rule (increasing Regional Center investment amount from $500,000 to $1,300,00 and direct investment amount $1,000,000 to $1,800,000 and changing TEA definition). Here is the link to the official announcement at OIRA/OMB: https://www.reginfo.gov/public/do/eoDetails?rrid=128858
The review was completed on June 27, and USCIS has the rule as of June 28 with instructions to publish it in the Federal Register as a Final Regulation. Once this rule has been published, there should be a grace period of 30, 45, or 60 days to allow foreign investors to invest under old rules.
Please contact Stelmakh & Associates at 206-605-0550 if you are interested in a green card through investing $500,000 this summer. It is time to act now!