EB-5 New York State Regional Center
Congress passed the EB-5 Reform and Integrity Act on March 15, 2022. This new law is the culmination of many years of work by the EB-5 industry and Congress to reform and reauthorize the US EB-5 Immigrant Investor Program.
The EB-5 Reform and Integrity Act made many important changes to the EB-5 program including:
$1,050,000. The RIA increased the minimum investment amount to $1,050,000.
$800,000. The minimum investment amount for a project in a rural or high unemployment area, or an infrastructure project, is increased to $800,000.
The EB-5 Reform and Integrity Act allows immigrant investors who are in the US when they file their I-526 Petition for the EB-5 program, to concurrently file their I-485 for Adjustment of Status. The filing of the I-485 for the Adjustment of Status allows immigrant investors in the US to stay in the US with their families, to work in the US, and to travel internationally. This is extremely beneficial for investors located within the US and is a tremendous improvement in the EB-5 program.
USCIS interpreted the EB-5 Reform and Integrity Act as revoking the designation of all existing regional centers and requiring all regional centers to re-apply for designation prior to submitting any business plan petitions or I-526 petitions.
Per the USCIS interpretation, there are currently no regional centers and no immigrant investor can file an I-526 petition until the regional centers are designated.
Although EB-5 New York State, LLC disagrees with USCIS’ interpretation of the law, EB-5 New York State, LLC was among the first to apply for redesignation as a regional center.
The EB-5 Reform and Integrity Act reserves visas for investments in projects that fall under certain categories. Specifically, the law reserves visas for investors who invest in projects located in rural and high unemployment areas, and in infrastructure projects. As a result, there are 4 distinct visa categories (or visa lines).
Reserved visas MAY be beneficial for investors from countries that are currently retrogressed in the main visa category, but USCIS must first issue guidance to implement the law.
EB-5 New York Investor Testimonials.
The following are statements from a few actual investors in EB-5 New York State projects:
“We’d like to thank you once again for delivering on your promise and accommodating a smooth and uninterruptible transition from a temporary green card to a permanent resident status.
We really appreciate your wise choice of investment opportunity and delivering on your promise to return our money back.
We’d be happy to recommend you to anyone with similar needs.”
– M.A & E.A.
“Our family appreciates your help in getting us the permanent resident cards and the full return of capital. We are one of the lucky ones who had such a smooth experience for the EB-5 program!”
“Ever since we planned our EB-5 Immigrant Investor Program, we’ve had all our trust in you and wished your business to prosper. Thank you for … everything you have done these past years. It will never be enough to express our gratitude.”
“We are very happy as well that we got both the resident status and our return on investment, now I am using the principle amount to invest in local … real estate. The investments have been very successful.”
“Thank you again for making our dream come true.”
“Congratulations on a remarkably successful program; I will be sure to refer anybody searching for a green card to your good selves” … “Wouldn’t have been possible without you all, so my deepest thanks for giving me the opportunity to put roots down in the US.”
“Thank you, I want to say it was pleasure work with you. [A] Year ago, all of our family obtained US citizenship. We all very happy, and I know your part in this process is very important.”