Vicki Li of Klasko Immigration Law Partners What's New in the EB-5 Immigrant Investor Program?
Enacted on March 15, 2022, the EB-5 Reform and Integrity Act of 2022 (RIA) reauthorized the expired regional center program through Sept. 30, 2027, providing a five-year reauthorization of the program with substantial changes, marking an achievement long-waited by the regional center industry.
December 14, 2022 at 11:19 AM
6 minute read
After years of tumult in the EB-5 immigrant investor program, the program is now settling into new normalcy nine months after the reauthorization of the EB-5 regional center program and six months after logistically reopening. Created in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors, the EB-5 immigrant investor program provides a path to U.S. permanent residence based on a qualifying investment in a new commercial enterprise, including investing through regional centers designated by USCIS under the EB-5 regional center program, a subcategory of the EB-5 immigrant investor program.
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