EB5 and Regional Centers

korman

Registered Users (C)
There seems to be confusion among forum members on EB5 and its extension. As far as I know, EB5 category which requires an investment of $1,000,000 ($500,000 in relatively high unemployment areas) is a continuing one. Under this, 10000 Green Cards are available for approval.

Within the 10000 cards in EB5, 3000 have been earmarked for investments through Regional Centers. This is a Pilot Program that has ended on 30th Sep. The law makers are debating its continuance and, pending that, it has been extended till 31st October. Many people hope and expect this to be extended but that requires the law makers to pass the Bill and it has to be approved by the US President.

Even if the Pilot Program is extended, if any Regional Center investment is sought, one must check back and ascertain that it has been approved by USCIS. A simple way be to as for a copy of the approval letter.
 
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