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CMB NEWS ALERT! EB5 PRICE INCREASE ONLY 77 DAYS AWAYSeptember 4, 2019

As you already know through previous announcements from CMB, anyone considering immigrating to the U.S. through the EB-5 program should be aware of two important deadlines. The first is that the EB-5 regional center program is currently only authorized through September 30, 2019, and Congress must pass legislation to extend it beyond that date. While there have been over 15 short term extensions since September 30, 2015, there is no guarantee that Congress will extend the program by the sunset date. If you want certainty of subscribing under the current rules of the program, now is the time to invest in the EB-5 offering of your choice and ensure that your immigration attorney files your I-526 petition prior to September 30.

If the program is extended beyond September 30, those wanting to pursue an EB-5 visa under the current rules will have until November 20, 2019 to subscribe into an EB-5 offering and file their I-526 petition.  The new regulations take effect on November 21st and will drastically change the EB-5 program.

Once the new regulations are effective, the minimum investment amount for projects that still qualify as Targeted Employment Areas (“TEAs”) will increase from $500,000 to $900,000 and non-TEA projects will increase from $1,000,000 to $1,800,000. Also, TEAs will no longer be designated by the individual states, which instantly brings integrity to the EB-5 program. The gerrymandering of projects in very affluent areas will no longer be possible, which means many projects currently in the market raising at the lower $500,000 will have to raise EB-5 capital at the higher $1.8 million investment level.

The good news is, if you file your I-526 petition prior to each of the dates listed above, you will be grandfathered in under the current rules of the EB-5 program.

CMB currently has our Group 70 partnership (Hillwood logistics III, FedEx and Wayfair) available for subscription at the $500,000 investment amount. If you would like to speak to someone at CMB about the new regulations, our current offering, or the EB-5 program, please contact us or contact the investor relations manager you have been working with previously.

 

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