- May 21, 2017
- Posted by: Tim Braswell
- Category: EB-5 Blog
On Jan. 11, 2017, the U.S. Department of Homeland Security (DHS) published an Advanced Notice of Proposed Rulemaking (ANPRM) proposing regulatory changes to the Immigrant Investor Visa Program also known as “EB-5.” On Jan. 13, 2017, DHS will publish a Notice of Proposed Rulemaking (NPRM) that expands on the advanced notice of rules released on Jan. 11, 2017.
In a surprise move, the proposed changes ask for Minimum EB-5 Investment to increase to $1.35 million for an investment in a Targeted Employment Area (TEA) and $1.8 million in a non-TEA.
The deadline to submit comments on the proposed rule is April 11, 2017 to the Federal Register and the current EB-5 Regional Center Program where an investor can invest $500,000 in a development project for a U.S. Green Card/Permanent Residency is set to expire on April 28, 2017.
This is a clear indication that now is probably the absolute last opportunity for EB-5 investors from India to apply under the current $500,000 minimum investment rule. In light of this development, my team and I are going to be in India & Dubai Jan. 26-Feb. 17, 2017.
If you are serious about your interest in EB-5 and would like to meet and move forward please e-mail us back if you haven’t scheduled your meeting already. Our India & Dubai itinerary can be found here and you can register for a one-on-one meeting by clicking below:
- Dubai – Jan. 27-28
- Delhi – Jan. 30-Feb. 3
- Bangalore – Feb. 4-6
- Hyderabad – Feb. 7-8
- Chennai – Feb. 9
- Mumbai – Feb. 10-12
- Pune – Feb. 13
- Ahmedabad/Surat – Feb. 14-16
- Chandigarh – Feb. 17
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.