September 8, 2022 began a new era for Enterline and Partners in the EB-5 immigrant Investor Program as Managing Partner David Enterline filed a Form I-526E “Immigrant Petition by Regional Center Investor” for an EB-5 immigrant investor seeking lawful permanent residence under the EB-5 immigrant visa category.
The investor, a Hong Kong national, will be one of the first to file a Form I-526E Petition under the new EB-5 Reform and Integrity Act (the “RIA”) passed in March 2022. The Petition was filed with a Regional Center Form I-956F receipt notice that the Regional Center received in mid-August after filing a required Form I-956F Application for Approval of an Investment in a Commercial Enterprise. The investor will most likely be eligible for one of the 10 percent of EB-5 “Reserved Visas” for making an investment in a high unemployment area.
There are approximately 10,000 EB-5 visas available every year. Out of these 10,000 visas, the RIA carves out 3 categories of Reserved Visas for investors who invest into an EB-5 qualified business in a special area: twenty percent (20%) of the 10,000 EB-5 visas are reserved for investors who invest in rural areas; ten percent (10%) are reserved for those who invest in an area of high unemployment; and two percent (2%) are for those who invest in a qualified government infrastructure project. The remaining and any unused Reserved Visas each year will then become available for any other EB-5 investors who have either previously filed an I-526 Petition or are filing a new Petition but are no longer eligible for a Reserved Visa.
If you are considering obtaining lawful permanent residence in the United States via the EB-5 immigrant investor visa category, you should consider moving forward soon so you do not fall behind the annual 32% Reserved Visas that will begin to be allocated to early investors.
For more information contact us at email@example.com and speak with a U.S. immigration attorney in Ho Chi Minh City, Manila and Taipei.