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ARTICLE · 15 OCTOBER 2015

EB-5 Regional Center Program Temporarily Extended

Investment Immigration
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The US EB-5 program has been extended temporarily until December 11th 2015. Unlike the previous instance in September 2012 when the program was reauthorized for three years, the US Congress has preferred a temporary extension to allow for consensus on the introduction of reforms and new rules related to the program. The temporary extension is designed to enable authorities to arrive at a consensus on new reforms that will make the program safer without compromising investor demand in the interim

GlobalImmigration
Colin Singer
Colin Singer
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The US EB-5 program has been extended temporarily until December 11th 2015. Unlike the previous instance in September 2012 when the program was reauthorized for three years, the US Congress has preferred a temporary extension to create consensus for introduction of reforms and new rules related to the program.

The EB-5 program was established in 1990 primarily to attract foreign investment into the US economy. Administered by the USCIS, the investment immigration program offers legal fast-track permanent residence in the USA against minimum investment of US$1 million in a commercial enterprise.

Applicants investing capital in rural or targeted high-unemployment areas are entitled to permanent residence against minimum investment of just $500,000. The program further requires the investment to create or preserve at least jobs for US workers.

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