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:
https://www.eb5brics.com/upcoming-eb5-events-in-india-dubai/
- 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
DISCLAIMER
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.