On Sept. 8, the EB-5 Regional Center visa program was extended by Congress, without any changes, until Dec. 8.
The EB-5 program provides a pathway to legal permanent residence to foreign nationals who create at least 10 new jobs by investing $1 million directly in a business or a Regional Center (an approved enterprise). Alternatively, that amount drops by half ($500,00) if the investment is in a targeted employment area (TEA) — an area that’s hurting on the jobs front. The Regional Center program comes up for renewal every four years and is subject to the sunset provision.
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