EB5 Project News
President Obama signs extension of EB-5 program
On Friday, September 28, 2012, President Obama signed into law S.3245, which extends the EB-5 Investor Visa Program for three more years to September 30, 2015 : the EB-5 Regional Center Program; the E-Verify Program; the Special Immigrant Non-Minister Religious Worker Program; and the Conrad State 30 J-1 Visa Waiver Program are all programs that were included in the signing of this bill. See detailed press release below.
President Obama extends the EB-5 Investor Visa Program 3 more years
EB-5 Investor Visa Program
The program, now extended through September 30, 2015, allows foreign nationals to become US legal residents through an investment in a job-creating entity in the United States. The minimum investment can be either 500,000 or 1,000,000, dependent on whether or not the business is located in a TEA (Targeted Employment Area). Each investor must prove that his investment was directly responsible for the creation of 10 US-based permanent jobs. The program is rising in popularity among citizens from countries such as China, India, Brazil, Nigeria, Vietnam and Venezuela, to name a few.
Statement by the Press Secretary on H.J. Res. 117, S. 3245 and S. 3552
On Friday, September 28, 2012, the President signed into law: S. 3245, which extends to September 30, 2015, the expiration dates of key requirements of four immigration programs administered by the Department of Homeland Security: the EB-5 Regional Center Program; the E-Verify Program; the Special Immigrant Non-Minister Religious Worker Program; and the Conrad State 30 J-1 Visa Waiver Program