For many years, the Direct Investment Program has allowed individuals to qualify for lawful permanent residency through the EB-5 visa program if they made an investment of $1 million or more to an organization that created 10 or more full-time jobs in the United States. However, pending changes to the program mean that many interested individuals should apply for their EB-5 visa now. After September 30, the visa could be harder to obtain.

What Is Changing After September 30?

Starting on September 30, the minimum investment amount associated with the EB-5 visa will go up. For the Direct Investment Program, individuals will now be required to make a $1.8 million investment. The minimum investment for the Regional Center Program — a similar process to Direct Investment but in rural or high-unemployment areas — will also be raised from $500,000 to $900,000.

So, waiting to apply until after September 30 could cost almost double to qualify. However, those who apply before that date will still be able to use the current lower investment rate.

What Happens After Receiving an EB-5 Visa?

This special visa program allows business-minded individuals to obtain financing at lower rates than they would be able to get through a lender based in the United States. It also ensures permanent residence for the investor and their family. Keep in mind, however, that obtaining this visa will make you subject to United States tax laws, so you should weigh the potential tax liabilities that would result from this outcome as well.

Whether you’re trying to obtain an EB-5 visa or a permanent labor certification, the skilled attorneys at LOIGICA® in Miami, FL, can help. Their multilingual team brings extensive experience working with individuals and corporations so you can have confidence in their work. To learn more about their services or to speak to an immigration lawyer, visit them online or call (786) 292-9704.