New Deal (RIA)
It is a new bill enacted in March 2022. The investment amount in a Targeted Employment Area (TEA) is $800,000. Every year, the US government provides about 10,000 new EB-5 visas to investors and their families under the plan. The new bill reserves a certain percentage of EB-5 priority visas for rural areas, urban areas with high unemployment rates, and infrastructure projects.
In March 2022, the U.S. Congress reauthorized the EB-5 Regional Center Program and extended its validity period to September 30, 2027. The new bill specifically provides three categories. Visa quotas are reserved for investment projects, with a quota of 3,200 reserved each year. There are no waiting time restrictions for these projects, and investors can submit immigration applications faster. The specific quotas are as follows;
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Rural Area Item: 20% of the quota, about 2,000 visas;
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High unemployment city project: 10% of the quota, about 1,000 visas;
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Infrastructure projects; 2% of the quota, approximately 200 visas.
This change has greatly shortened the waiting period for investment immigration and supports dual submission, which can accelerate early landing and wait for green cards in the United States.
New policy benefits
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No schedule at the moment
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Double submission is possible to quickly obtain a small green card
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The minimum investment period is shortened to 2 years.
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According to the latest guidance from the USCIS official website, the minimum investment period for the new EB-5 policy has been shortened to 2 years! The shortening of the minimum investment period can greatly reduce the applicant's investment time and avoid the risk of reinvestment, which is a great benefit for new investors.
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Age freeze for children
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When submitting I-526E, the age of the EB-5 investor's children is frozen, avoiding a certain risk of being over the age limit and ensuring that the children still meet the requirements for accompanying applications.
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About "Dual Submission"
At this stage, there is no waiting period for projects under the new policy. The USCIS allows EB-5 applicants with suitable status in the United States to submit an I-485 adjustment of status application to the USCIS in advance if their I-526E application is not approved. Such an application is called concurrent filing. After the two applications are approved, the EB-5 applicant will directly obtain a temporary green card. Submit
The benefits of Concurrent Filing are:
Can legally reside and study in the United States;
Can work in the United States and travel freely in and out of the United States.
Until the green card is approved.
When submitting I-485, the law firm will help clients submit applications for I-765 work permit and I-131 reentry permit. Currently, it takes about 2-4 months for a work permit to be approved, and 6-12 months for a reentry permit to be approved. (For reference only)
The new law is due on September 30, 2027.