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Brennan Sim

April 3, 2024 | Admin | International_immigration

The EB-5 Program is working faster than ever! Transformations through the Reform and Integrity Act (RIA) of 2022, ushered in investor-friendly changes that streamline processes and enhance transparency. Here are a few changes that have enhanced the Program:

Concurrent Filing now empowers U.S.-based applicants like H-1B and F-1 visa holders to work and live freely in America before Green Card Approval, facilitated by an Employment Authorization Document (EAD) and Advance Parole (AP) Travel Permit.

Set-aside Visas for Target Employment Area (TEA) Projects allow Chinese and Indian applicants to skip prior backlogs of visas and obtain Green Cards without additional wait, stimulating investor interest once again.

Rural EB-5 TEAs are experiencing high demand since the RIA of ‘22, with sufficient visa supply and expedited approvals through Priority Processing attracting investors seeking capital preservation and fast-track processing. Enhanced SEC regulations ensure investor protection, while streamlined processing and faster approvals bolster investor confidence. However, concerns arise in High-Unemployment TEAs where demand already exceeds supply, potentially leading to backlogs again for China and India investing now in Urban projects. To realize the fastest processing times, investors should seek Priority Processing Rural EB-5 Projects.

The RIA also includes a provision for grandfathering investors filing before September 30, 2026, shielding them from future regulatory changes. Indian investors benefit from current availability in certain EB-5 Visa Categories, underscoring the Program’s evolving landscape and global appeal.

Overall, we are excited about the future of the EB-5 Program as the demand for EB-5 Visas is rising not only from traditional markets like China and India but also rest of the world.

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