New delhi sources stated that the US Office of Management and Budget published the final rule regarding EB-5 Immigrant Investor Program Modernization changes from today. Meanwhile the most important change is the increase in the minimum investment amount requirement from USD 500,000 to USD 900,000 for projects in Targeted Employment Areas (TEAs).
Meanwhile this rule amends previous, Department of Homeland Security (DHS) regulations concerning the employment-based, fifth preference (EB-5) immigrant investor classification, specifically regarding the modernization of the EB-5 program. Furthermore under the EB-5 program, eligible individuals can apply for lawful permanent residence within the united states by investing in a US based commercial enterprise and creating ten full-time jobs for qualified US workers.
Further changes to the regulations include reformed Targeted Employment Areas (TEAs) designations, priority date retention, an increase in the minimum investment amounts, and clarifications on USCIS procedures for removing permanent residence conditions. Moreover the rule is being issued to include EB-5 program reforms and update of existing policies and the rule in its entirety can be found here.
