Enterline & Partners Consulting | info@enterlinepartners.com

Search
Close this search box.

EB-5 Immigrant Investor Fees to Increase for Investors and Regional Centers

The Department of Homeland Security (“DHS”) published a Notice of Proposed Rule-Making (“NPRM”) to adjust fees for various immigration benefits provided by the United States Citizenship and Immigration Services (“USCIS”).   Included in the NPRM are proposed fees for many forms used under the EB-5 Immigrant Investor Program (“EB-5 Program.”).

Fees for various petitions and applications under the EB-5 Program are proposed to increase as follows:

Investor Forms:

  • Form I-526, Immigrant Petition by Alien Entrepreneur, and Form I-526E, Immigrant Petition by Regional Center Investor will increase from $3,675 to $11,160;
  • Form I-829, Petition by Investor to Remove Conditions on Permanent Resident Status will increase Petition from $3,750 to $9,525.

These fees are increasing by a large percentage.

Regional Center and Project forms:

  • Form I-956, Application for Regional Center Designation, a new form replacing the previous Form I-924, will increase from $17,795 to $47,695;
  • Form I-956F, Application for Approval of Investment in a Commercial Enterprise, a new form arising out of the EB-5 Reform and Integrity Act of 2022 has a propose fee of $47,695.

Companies that want to apply for and operate a Regional Center, maintain a Regional Center every year and sponsor an investment project will pay a considerable cost to do so.   We expect this will drive many existing Regional Centers out of business and discourage new companies from applying for Regional Center approval; thus, reducing and restricting opportunity in the EB-5 Program.

Easily, the greatest objection to these significantly increased costs is the lack of confidence that these increases will result in quicker processing and better service in the EB-5 Program.

Additionally, these increases will most likely go into effect because DHS will follow the proper legal process of increasing fees although it is possible that they may be delayed if some EB-5 stakeholders file lawsuits to challenge or simply delay the final publication and implementation.

If you have question about the EB-5 Program, contact us now at info@enterlinepartners.com and speak with a U.S. immigration attorney in Ho Chi Minh City, Manila and Taipei.

ENTERLINE & PARTNERS CONSULTING

Ho Chi Minh City, Vietnam Office

Suite 601, 6th Floor, Saigon Tower
29 Le Duan Street
Ben Nghe Ward, District 1
Ho Chi Minh City, Vietnam

Tel: +84 933 301 488

Email: info@enterlinepartners.com

Facebook: Enterline & Partners – Dịch vụ Thị thực và Định cư Hoa Kỳ

Website: http://enterlinepartners.com

Manila, Philippines Office

LKG Tower 37th Floor
6801 Ayala Avenue
Makati City, Philippines 1226

Tel: +63 917 543 7926

Email: info@enterlinepartners.com

Facebook: Enterline and Partners Philippines

Website: https://enterlinepartners.com/language/en/welcome/

Copyright 2023. This article is for information purposes only and does not constitute legal advice. This article may be changed with or without notice. The opinions expressed in this article are those of Enterline and Partners only.

CATEGORY
time
recent posts
CTA_Collection

Over 18,000 successful customers with Enterline &
Partners, realizing the dream of immigration

Latest News

Delinquent U.S. Taxpayers in Southeast Asia

While living in the Southeast Asian region, it’s easy to forget about U.S. tax obligations, especially if the taxpayer’s income is deemed “minimal.”  Let’s first re-visit our tax filing requirements, where an excerpt is noted right on the last page of one’s U.S. Passport, “All U.S. Citizens working and residing abroad are required to file and report on their worldwide income. Consult IRS Publication 54 …” Tax practitioners may use the standard deduction as the filing threshold. For tax year 2024, single status filers can claim up to $14,600 as a standard deduction. Therefore, if one can maintain and produce supporting documentation that the tax year’s income is below the standard deduction threshold, the taxpayer may opt to not file a U.S. Income Tax Return. However, it’s good practice to still file a tax return  to show the U.S. Internal Revenue Service that your income is below the standard deduction

Read more >

Federal Court of Appeals Rules Against Trump’s EO Ending Birthright Citizenship

A Federal Court of Appeals handed the Trump Administration another blow in its fight to redefine the 14th Amendment ending birthright citizenship through Executive Order (“EO”). The San Francisco-based Ninth Circuit Court of Appeals rejected the Administration’s request for an emergency order putting on hold a nationwide ban issued by Seattle-based Judge John Coughenour last month who found the EO blatantly unconstitutional. Judge Coughenour decision was swiftly followed by Judge Deborah Boardman’s decision in Maryland who also ruled that the EO needed to be stopped. While the Trump Administration argued that Judge Coughenour’s ruling went too far, a three-judge panel disagreed and scheduled the case for arguments in June. U.S. Circuit Judge Danielle Forrest, whom Trump appointed during his first term, said that a rapid decision would risk eroding public confidence in judges who must “reach their decisions apart from ideology or political preference.” The other judges on the panel,

Read more >

U.S. Taxes for Americans Abroad

A common concern raised by our clients departing the United States to reside abroad is what do they need to do about U.S. taxes. Furthermore, there are several misconceptions and misunderstandings that permeate the American expatriate community about U.S. taxes; especially about filing thresholds and some exclusion amounts. Allow us to provide insights — answers to address these questions and clarify the misconceptions. U.S. taxes are the financial backbone of the U.S. economy. The tax system is essential to financing the activities of the federal, state and municipal governments including infrastructure, healthcare, education, military and consular services. Indeed, now a cliché, founding father Benjamin Franklin once said, “nothing can be said to be certain, except death and taxes.” Another notable thing about U.S. taxes is that an excerpt is noted right on the last page of one’s U.S. Passport, “All U.S. Citizens working and residing abroad are required to file

Read more >
Vietnam
icons8-exercise-96 chat-active-icon