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News, USA Immigration Programs

USA – EB5 Program

July 29, 2019 nkic

The following changes to EB5 have progressed through another stage of legislation, and are expected to become law soon:

  • the minimum investment level of USD $500,000 will increase to $1.35 million in Targeted Employment Areas (TEAs);
  • the minimum investment level of USD $1 million will increase to $1.8 million outside a TEA; and
  • the USCIS will determine TEA boundaries.

The effective date of the above changes is not yet known, but we expect it to be Sept. 30, 2019.  To lock-in cases under the existing pricing and program, please submit any pending EB5 cases to Confederation right away, work with our team to complete the documentation requirements quickly, and encourage your clients to transfer their funds as soon as possible.

We are pleased to announce our newest project: “The Mark” in Sarasota, Florida.  This project has already received I-924 Exemplar approval (pre-approval of the business plan, agreements, and job creation model), so that green card condition removal will be automatic.  Construction began in 2017 and is expected to be completed in late 2019, and the job creation requirement for all investors has already been met.  The project owner and developer, the Kolter Group, is a highly accomplished real estate developer based in West Palm Beach, Florida.  Kolter has developed over USD $10B in projects in the last 20 years.

Under EB5, there is no language requirement, no age limit, and no management experience requirement.  Applicants must have a net worth of minimum $1 million USD, and be able to document the source and path of funds for the investment and fees.

Refused Quebec and Canadian investor cases are welcome to apply to EB5.

Please Contact Us for more information.

NKIC Newsletter - July 2019

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