Interested in Investing In EB-5? Take These Steps During the Government Shutdown…

EB-5 has been a popular program for decades among foreign entrepreneurs wishing to move to the United States. In exchange for investing $1 million, or more commonly, $500,000 into job-creating U.S. enterprises, foreign investors and their immediate families can all obtain green cards.

The U.S. is a top-choice for immigrants looking for a country with a strong economy, world-class schools, and a booming housing market.

Concern over the fate of the EB-5 Regional Center Program has left many potential investors wondering what steps to take during the U.S. government shutdown. Potential EB-5 entrepreneurs looking to invest in the Direct EB-5 Program, should not worry, as it is a permanent program. All non-regional center applications will still be accepted and processed.

The EB-5 Regional Center Program, on the other hand, has been impacted by the government shutdown. The EB-5 Regional Center Program expired on December 21st, 2018, and needs to be reauthorized before new applications will be accepted.This, however, does not mean potential applicants are necessarily stuck, they can take these steps:

  1. Learn about whether the EB-5 Program is right for you. Should you invest in the direct program or the regional center program?
  2. Find an EB-5 immigration attorney who can evaluate whether or not you’re a good candidate for the EB-5 Program. Who is eligible?
  3. Conduct due diligence on potential EB-5 projects and speak with Regional Centers to find the right one for your risk-tolerance. These are 14 of the most desirable regional center characteristics to look for.
  4. Prepare your I-526 Petition for when the EB-5 Regional Center Program is reauthorized. Here’s a checklist for required I-526 Petition documents, do you have them all ready to go?

There’s a strong chance that the next funding bill that will end the government shutdown will be a short-term resolution. If that’s the case, potential EB-5 investors many only have several weeks to prepare their I-526 petition to file, and if it’s not mostly prepared in anticipation of a reauthorization, then they might not file in time. Take advantage of the time now to prepare your application and get yours in immediately when the EB-5 Regional Center Program is reauthorized.For more information, send us a message. [formidable id="11" title="1"]