US extends the EB5 Regional Centre Program till 21 Nov

US extends the EB5 Regional Centre Program till 21 Nov 

The US has extended the EB5 Regional Centre Program till 21st November 2019. The program was due to expire on 30th September 2019.  

The US Congress passed a Continuing Resolution on 28th September which was also signed by President Trump. The resolution not only extends the funding of the Govt. but also extends the EB5 Regional Centre Program. 

New rules for the EB5 Visa Program will become effective from 21st November 2019. Under the new rules, the investment amount for the visa will be increased. The authority to designate Targeted Employment Areas will no longer rest with the states but will be taken over by the Dept. of Homeland Security. Also, requirements for targeted employment areas will become more stringent. 

Starting 21st November, the investment amount for the EB5 Visa will increase from $500,000 to $900,000. 

People aspiring to apply for the EB5 Visa should be aware of the increased investment amount. You need proper planning to apply for the EB5 Visa of the US. 

First of all, you need to identify a project that you want to invest in. You then have to do your due diligence and submit documents and transfer funds for the EB5 project. Also, if you want to take advantage of the reduced investment amount now, you must submit the I-526 form before 21st November.  

Applicants who are successful in filing their I-526 petitions before 21st November will be considered under the current rules. 

The EB5 Visa provides a route to foreign investors to permanently live and work in the US. The program was created in 1990 to facilitate the flow of foreign capital into the country. The EB5 allows investors to obtain the US Green Card by investing in US projects which are capable of creating at least 10 local jobs. 

Y-Axis offers a wide range of Visa and Immigration products as well as services for aspiring overseas students including?Work Visa for the USA,?Study Visa for the USA, and?Business Visa for the USA. 

If you are looking to?Study, Work, Visit, Invest or?Migrate?to the USA, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. 

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