In our final 2023 Chatting with Charlie: EB-5 Investor Outlook, WR Immigration Director of Visa Consulting Charlie Oppenheim and Joey Barnett provide unique insights on the January 2024 Visa Bulletin and what to expect from the EB-5 investor visa program. Watch below!
With President Biden’s signature, the EB-5 Regional Center Program – which has been lapsed since July 1, 2021 – has been reauthorized through September 30, 2027, under the “EB-5 Reform and Integrity Act of 2022.” WR Immigration is pleased to see that Congress has kept its side of the bargain for existing investors who have been stuck in limbo for the past 8 months. Also with grandfathering now in the law, lapses like this will be avoided in the future. While the legislation is far from perfect, it provides a workable framework for EB-5 to continue bringing in foreign direct investment to create jobs for qualifying U.S. workers for the foreseeable future. Several updates and “integrity measures” will now become part of EB-5 law, and USCIS will need to engage in administrative rulemaking to fill in some of the blanks and provide additional clarity to EB-5 stakeholders. Most importantly, the legislation includes “grandfathering” language that would allow USCIS to continue processing petitions for immigrant investors filed on or before September 30, 2026, if Congress does not further reauthorize the Regional Center program in the future. Changes include: Increased investment to $1,050,000, or $800,000 for investments in rural areas […]
In this month’s EB-5 Chatting with Charlie on the February EB-5 investor visa outlook, WR Immigration Director of Visa Consulting Charlie Oppenheim and Partner Joey Barnett give an update on the investor visa program. Our team covers a range of topics including a review of 2022 visa report, the March 2023 Visa Bulletin, concurrent filing strategies, and more! Have a question for Charlie? Register for the upcoming Chatting with Charlie webinar and submit a question. Early registrants have a better chance of getting their question answered, so register here.
