The window of opportunity to invest at the $ 500,000 level is tightening. Congress extended the current law to February 8, 2018 with no changes!
Did you know?
The window of opportunity to invest at the $ 500,000 level is tightening. Congress extended the current law to February 8, 2018 with no changes!
Yes! This time it really is! Trust us and act now if you don’t want to get caught up having to invest $ 1,800,000 for the same exact project. Why do we think that this time it might actually happen? For a number of reasons.
- The duration of the recent extensions are very short. That means that Congress believes that a final form of the immigration bill among other issues is finally close to being resolved.
- According to a statement quoted by Robert Y. Maples of Greenberg Traurig, “on Dec. 14, (2017) the Office of Management and Budget Office of Information and Regulatory Affairs (OMB) published the biennial Unified Agenda. A long-standing outgrowth of previous regulatory reform efforts, the Unified Agenda offers the public the “current thinking” of federal agencies on upcoming Agency regulatory priorities.” It is clearly stated that “USCIS will amend its regulations modernizing the employment-based, fifth preference (EB-5) immigrant investor category based on current economic realities and to reflect statutory changes made to the program. (EB-5 Immigrant Investor Program Modernization). In addition, USCIS will propose to update its regulations for the EB-5 Immigrant Investor Regional Center Program to better reflect realities for regional centers and EB-5 immigrant investors, to increase predictability and transparency in the adjudication process, to improve operational efficiency, and to enhance program integrity. (EB-5 Immigrant Investor Regional Center Program.)”
- Many market participants believe that even if a total immigration reform gets delayed due to the debate around DACA/DREAMERS, USCIS, a division Department of Homeland Security, might act on its own volition and publish the long waited reforms in February 2018 with a 60-day grace period prior to going into effect. If that happens, it will be unclear whether investors will be allowed to continue to participate at the current levels or be totally confused and therefore stay on the sidelines until either Congress ratifies the DHS’s expected rulings or revises them.
- The simple reality is that if the definition of Targeted Employment Area (TEA) is changed making almost all current urban projects’ locations to be reclassified as “not high unemployment areas” (non-TEA) and the numbers are revised upwards, then there will be a double whammy effect making the required investment amount of most such projects $ 1,800,000.
If you are ready to move forward with this fantastic immigration program or simply want to get more information about the opportunity, please do not hesitate to call us at + 1 917 355 9251 or write to us at info@americaeb5visa.com.
Posted by americaeb5visa on January 23, 2018