The EB-5 industry has been waiting on new legislation passing and the USCIS regulations that will carry out proposed changes that have not been made final among governmental authority. As of February 15th, 2019, the passage of the “New Federal Funding Bill” the EB-5 regional Center program will be authorized to continue until September 30, 2019. Newly elected congressional leaders have voiced a more supporting view of the program, so most likely new reforms will be passed throughout the rest of the year.
EB-5 is the only visa that allows a path to US citizenship – and fast. An individual can have their permanent green card in as quickly as 4 years and then apply for citizenship 12 months after the permanent green card is issued. It is also the only visa that grants every right of US citizenship except voting to an applicant. The Eb-5 Regional Center program is a way for foreign investors to obtain multiple green cards for their direct family members by investing $500,000 into a job creating development. This lets investors count direct and indirect produced job creation, which makes meeting the requirements more feasible, thus making this program more attractive than the Direct EB-5 program. The regional center program has been renewed frequently by attaching to crucial Government funding bills.
There are only 10,000 EB-5 Visas allocated each year by the United States Citizenship and Immigration Service. The history has always been that China was allocated the majority of the visas followed by Vietnam. That is still true today, but the US Government has been reducing the visas allocated in China and Vietnam over the last two years because 1. The US wants more applicants from other countries and 2. There is a waiting period of 12 years in China and 7 years in Vietnam for the applicants to be able to make an application. That means that there are more people trying to get out of China and Vietnam on an EB5 Visa than there are opportunities for them to become applicants. A list Partners international has made a commitment to move into Latin America, South Asia, Southeast Asia and forego China.
In 2019 the allocation chart of EB-5 Visas shows the following facts that has enticed us to focus more on Latin America and Mexico than in Asia. Allocation is determined by the demand of the people in a country and by the desire of the US to have applicants from a country: