On June 27, 2019, the Office of Management & Budget (OMB) reported on its website that it has finished its review of the Obama-era regulations that would significant changes to the minimum investment amount, as well as other consequential changes. The regulations have proposed increasing the minimum investment of $500,000 to $1.35 million, and the $1 million investment to $1.8 million. Upon the regulation’s publishing in the Federal Register, the final effective date may be between 30 to 60 days.
It is recommended that potential investors seeking an EB-5 visa start immediately to organize their documentation proving their lawful source of funds. They then must select their investment projects in order to file their I-526 petition before the effective date of the new regulations. Similarly, projects seeking EB-5 investors will need to ensure that their investors have filed their petitions prior to the deadline.
Diaz Reus will be monitoring these developments and will provide additional information as soon as it becomes available.
For further information please contact Marta Colomar at <a href=”mailto:mharris@diazreus.com” target=”_blank” rel=”noopener noreferrer”>mcolomar@diazreus.com or (305) 375-9220
