Significant Changes to EB-5 Program Announced: Minimum TEA Investment Increases to $900,000
CanAm Enterprises continues to inform EB-5 stakeholders about the development of the EB-5 program and its regulations. Today, the Department of Homeland Security publishes a final rule which raises the minimum EB-5 investment amount to $900,000 within Targeted Employment Areas (TEA) and $1.8 million outside TEAs. All EB-5 investments finalized before November 21, 2019 are still subject to current regulations with lower investment thresholds.
NEW YORK, July 24, 2019 /PRNewswire-PRWeb/ -- The Department of Homeland Security (DHS) published a final rule on July 24 that will bring significant regulatory changes to the popular EB-5 Immigrant Investor program. Among several other changes, the regulation will raise the minimum investment amount in TEAs from $500,000 to $900,000, and $1.8 million outside TEAs. The final rule will go into effect on November 21, 2019.
CanAm Enterprises ("CanAm") has consistently informed EB-5 stakeholders about the expected change since the early stage of the regulatory process, outlining the importance of working with a reputable regional center. Following today's announcement, CanAm aims to provide expert guidance to all investors who now have to complete the EB-5 investment process before November 21, 2019 to still qualify under the current $500,000 minimum investment requirement.
Contact CanAm Enterprises to find out if you qualify for the EB-5 program.
In order to still invest under the current minimum investment threshold of $500,000, it is important to act quickly:
Find a Reputable Regional Center
First, prospective EB-5 investors need to find a suitable regional center which has high-quality investment projects available and can provide subscription documents shortly. After reviewing the offering documents, EB-5 investors should proceed to prepare funds and move forward with the EB-5 investment process.
Retain an Immigration Attorney
After finding a suitable regional center, we highly recommend that EB-5 investors retain an experienced immigration attorney who specializes in the EB-5 program in order to properly file the I-526 petition and provide evidence outlining their source of funds.
It is absolutely essential to file Petition I-526 properly and remit the full investment amount of $500,000 before November 21, 2019 as any delay or faulty petitions will cause the investor to become subject to the new regulations.
Why Pursue an EB-5 Visa through CanAm?
CanAm Enterprises has financed over 55 EB-5 project loans and raised more than $2.8 billion in EB-5 capital across the United States leading to over 13,000 green card approvals. Having already repaid over $1.25 billion back to investors, CanAm is truly an experienced leader in the EB-5 industry.
CanAm invites everyone pursuing permanent residency in the United States to read CanAm's EB-5 Program Overview and inquire about the EB-5 Visa options through one of the various contact options.
About CanAm Enterprises
With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Basing its business on a reputation of credibility and trust, CanAm has financed more than 55 project loans and raised more than $2.8 billion in EB-5 investments. To date, over 2,500 investor-families have received principal repayment from CanAm, totaling $1.25 billion. CanAm exclusively operates seven USCIS-designated regional centers that are located in the city of Philadelphia, the Commonwealth of Pennsylvania, the county of Los Angeles, the Metropolitan Region of New York, the states of Hawaii, Florida, and Texas. For more information, please visit canamenterprises.com.
SOURCE CanAm Enterprises
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