EB-5 Reform Law, a new visa policy for American investment immigrants, came into effect on June165438+1October 2 1.

What changes will the Eb-5 new bill bring? First of all, after the price increase, the number of Eb-5 applications will definitely decrease and the schedule will be shortened. Behind the new price increase is the driving force for subsequent reform. Other preferential terms may be added in the future.

The new visa policy for investment immigrants in the United States was introduced, and the EB-5 reform regulations of the US Immigration Bureau came into effect in June165438+1October 2 1. According to the new regulations, the minimum investment in target employment areas (tea areas) will increase from 500,000 US dollars to 900,000 US dollars, and the minimum investment in non-target employment areas (non-tea areas) will increase from 6.5438+0.8 million US dollars to 6.5438+0.8 million US dollars.

Except for special reasons, it is more flexible to allow eligible EB-5 investors to keep the priority date for approving immigration applications of the same category.

The US Immigration Bureau in official website officially announced the new EB-5 regulations, with tea areas rising to 900,000 US dollars and non-tea areas rising to 654.38+08,000 US dollars, with 2065.438+09,654.38+0,265.438+0 coming into effect.

The EB-5 industry has been anxiously waiting for the new EB-5 regulations since the US Immigration Bureau first published the draft rulemaking notice in the Federal Register on June 20 17. EB-5 immigrant investor plan marks the first major revision of the plan since 1993.

The main reform content of the revised EB-5 immigrant investor scheme is that the minimum investment zone of EB-5 is raised to 900,000 (tea area)/1.8 million (non-tea area).

The remaining modifications include: 1. Revise the standards (TEA) stipulated in some specific employment fields;

2. Give the agency the institutional responsibility of directly managing (tea);

3. Clarify the procedures for the Immigration Bureau to cancel the permanent residence conditions;

4. In some cases, EB-5 applicants can keep their priority dates.

The substantial increase in EB-5 investment means that investors will spend more money and explain more sources of funds. For EB-5 investors, it is not only a huge financial pressure, but also the difficulty of applying for copywriting will increase sharply, which will be a major blow to applicants and may even directly force EB-5 investment to stop.

According to the EB-5 plan, individuals are eligible to apply for conditional legal permanent residency in the United States if they make necessary investments in commercial enterprises in the United States and create or, in some cases, retain 65,438+00 permanent full-time jobs for qualified American workers.

The main changes to EB-5 in the previous rule include: 1.

Increase the minimum investment: From the effective date of the final rules, the standard minimum investment level will be increased from $654.38+$800,000 to $654.38+$800,000, which is the first increase since $654.38+$0.990 to take account of inflation. This regulation also keeps the minimum investment difference between tea areas and non-tea areas at 50%, thus increasing the minimum investment in tea areas from 500,000 US dollars to 900,000 US dollars. The last rule also stipulates that the minimum investment amount is automatically adjusted every five years to adapt to inflation.

2.

TEA regional reform: the final rule outlines the modification of EB-5 plan to solve the problem of constituency division in high unemployment areas (which means deliberately manipulating the boundaries of constituencies). This kind of regional division is usually to combine a series of census areas to connect a prosperous project site with a troubled community in order to obtain a qualified average unemployment rate. From the effective date of the final rules, the Department of Homeland Security will cancel the ability of a state to designate certain geographical and political divisions as areas with high unemployment rate; On the contrary, the National Security Bureau will directly demarcate these areas according to the revision requirements in the regulations restricting the composition of census areas. These amendments will help to ensure the fairness and consistency of naming tea areas, and more strictly abide by the intention of Congress to direct investment to areas that need help most.

3.

Clarify the procedures for the Immigration Bureau to cancel the permanent residence conditions: This Ordinance has revised the relevant provisions and clearly stipulated that some derived family members of legal permanent residents must independently apply for cancellation of the permanent residence conditions. This provision does not apply to family members who are included in the cancellation conditions by major investors. This rule improves the ruling procedure of cancellation conditions by providing flexibility in the interview place and adopting the current procedure of USCIS issuing green cards.

4.

Allow EB-5 applicants to keep their priority dates: The last rule also provides greater flexibility for immigrant investors who have previously approved EB-5 immigration applications. When they need to submit a new EB-5 application, with some exceptions, they can now usually keep the priority date of the previously approved application.