“The idea that the [EB-5] program could be ended or somehow amended before that [Gold Card’+] came as a big surprise to practically everyone”
Investment migration people in the news this week.
USCIS last week shocked the EB5 market by saying all regional centers will need redesignation. That’s not the case, say congressional leaders.
“It’ll take a long time for this new program to be stable,” says Matt Galati. “I don’t know if that gets done before 2027, frankly.”
The more than 40,000 EB-5 investors left in the lurch by the closure of the Regional Center Program are not going down without a fight.
“By filing numerous lawsuits because the agency wasn’t doing anything in 2019, we finally got the agency moving again,” says Matt Galati.
Is EB-5 dead? How does direct EB-5 work? Will the regional center program return? Is it true that minimums are back to US$500,000? Matthew Galati provides a jargon-free status update on EB-5.
Following a ruling yesterday, the EB-5 Modernization Rule, which raised the program’s minimum investments in 2019, is no longer in effect. That could change quickly.
Matthew Galati, who got into the industry after processing his wife’s green card, credits Tom Rosenfeld with the overall success of EB-5.
In the absence of new legislation, litigation blocking the order, or a Presidential reversal, Hong Kong’s EB-5 investors are in for retrogression.
Will Trump’s freeze on L-visas sway demand for E-2? We put the question to US immigration attorneys Matthew Galati and Angie Rupert.
President Trump has now signed that executive order. The phrasing makes it clear that neither E2 nor EB-5 applicants will be affected.