EB 5 United States Investment Visa Extended till September 30, 2017

On April 28, 2017  U.S. Congress extended EB5 investment Visa for a week till May 5, 2017.

However, On May 1, 2017 Congressional Leadership filed bipartisan omnibus spending deal to fund government through September 30, 2017.

This gives EB5 program extension for next five months till September 30, 2017. The amount of investment and Targetted Employment Area (TEA) classification remains in place as before. This means an investment in a new commercial enterprise in TEA remains $500,000 and in non-TEA area $1,000,000.

The applicants who were waiting to invest in the Regional Center Projects or in their own business should immediately proceed with the due diligence of the short listed projects.

We at Cross Border Services are available in Indian time zone to answer your queries related to your EB5 investments. Please feel free to contact us and arrange for an appointment with one of our attorneys who can assist you in evaluation of your EB5 case.

We would like to advise our clients that though the program has been extended for another five months, it is strongly recommended that the applicants for EB5 investment visa start preparing for their I526 applications and source of funds documentation to avoid last minute rush.