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