Serge Bauer, P.C.

Please be advised that as of November 21st, 2019, substantial amendments to the EB-5 Alien Entrepreneur Program have gone into effect.

In particular, these amendments have impacted the following regulatory requirements of the EB-5 Program:

• The minimum amount of foreign direct investment will be increased from $1 Million to $1.8 Million;
• The minimum foreign investment amount in a TEA (Targeted Employment Area – especially important to Regional Centers) will surge from $500,000 to $900,000;
• The state’s ability to designate TEA zones will be eliminated and transferred directly to the U.S. Department of Homeland Security.

We encourage potential EB-5 investor candidates to consider these issues and discuss them with their financial advisors during the decision-making process. As a reminder, in our practice, we will require 60 to 90 days to prepare and file the I-526 Petition once the client has signed a retainer agreement, and we have received the package of required documents from the investor.