July 2021 EB-5 Updates
The end of June saw significant movements in the EB5 industry. It started with the success of the legal case reversing the latest EB5 regulations and reducing the investment amount for TEA projects like ours from $900k to $500k (Read more about the court decision here). The investment reduction was met with some hesitancy, but USCIS later published a statement recognizing the court decision and confirmed that they are applying the EB-5 regulations that came into effect before Nov. 21, 2019, which includes investment amounts at $500k.
In the same week, congress failed to act on proposed EB-5 legislation and the EB-5 Regional Center Program expired on July 1st.
It is uncertain when the program will be reauthorized, but many speculate it may be reinstated in the next 1-3 months. However, it is important to note that the EB-5 program has not expired, just the Regional Center Program which is part of the larger EB-5 category. Therefore, USCIS still accepts direct EB-5 investments at the $500k level. Direct Eb-5 investments must be an investment into an enterprise that creates 10 full time jobs, not indirect or expenditure-based jobs that most people are familiar with under the Regional Center Program. Due to the full-time job creation criteria, most direct investment options offer a limited number of EB-5 subscriptions, commonly 1-2 available openings per direct offering. Paraprin is in the process of preparing attractive investment options for individuals who would like to make a direct EB-5 investment at $500k. If you are interested, please contact:
