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ARTICLE · 16 DECEMBER 2022

What's New In The EB-5 Immigrant Investor Program?

Klasko Immigration Law Partners
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The EB-5 Regional Center Program had been suspended since June 30, 2021...

United StatesImmigration
Vicki Li
Vicki Li
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After years of tumult in the EB-5 Immigrant Investor Program, the program is now settling into new normalcy nine months after the reauthorization of the EB-5 Regional Center Program and six months after logistically reopening. Created in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors, the EB-5 Immigrant Investor Program provides a path to U.S. permanent residence based on a qualifying investment in a new commercial enterprise, including investing through regional centers designated by USCIS under the EB-5 Regional Center Program, a subcategory of the EB-5 Immigrant Investor Program.

The EB-5 Regional Center Program had been suspended since June 30, 2021, when its congressional authorization expired. Enacted on March 15, 2022, the EB-5 Reform and Integrity Act of 2022 ("RIA") reauthorized the expired Regional Center Program through September 30, 2027 providing a 5-year reauthorization of the program with

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