- June 21, 2017
- Posted by: Tim Braswell
- Category: EB-5 Blog
On May 5, 2017, U.S. President Donald Trump signed a bill extending the EB-5 Immigrant Investor Visa Regional Center Program through September 30, 2017, as-is without changes. While we have an official extension of the program, whether the EB-5 investment amount will continue to be $500,000 until September-end is highly doubtful for two reasons.
First, the comment period on the US Department of Homeland Security’s proposed changes to the EB-5 program including an increased minimum investment amount of $1.35M, ended April 11, which means 60 days after April 11 (around June 10 or so) the regulatory changes can take effect.
Second, a draft EB-5 legislation introduced by Senators Grassley and Leahy appears to be moving quickly towards consensus by lawmakers and EB-5 industry stakeholders, which means we can see the minimum investment amount increase to $800,000 or more by end of this summer.
At best, we believe we have a few months before the investment amount will go up to $800,000. In light of these developments, our team will be in India and Dubai starting in May to help you with both the investment and the immigration aspects of an EB-5 Investor Green Card Application so please CLICK HERE to contact us to schedule a meeting.
Further, the Indian Rupee is at approx. 64.50 to the US dollar – which is much better than the almost 68 to a US dollar that the Indian Rupee had been hovering at earlier this year, thus, instead of having to invest 3.5 cr. the investment is now around 3.2 cr. a savings of almost 30 lakh Indian rupees. That may be enough to cover the admin. fees for an EB-5 regional center investment.
The information within this post represents my opinions only. This information does not reflect the opinions and/or policies of NMS Capital Advisors, its affiliates or any other firm I am contractually employed.
This article was first published on EB5Brics.com, Here
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