EB-5 Legislative Update from the Desk of Bob Kraft
Thursday, June 20, 2019 - As I return from my trip to Geneva, Switzerland, I’d like to take time to share my experience representing the United States at the Investment Migration Forum, one of the largest residency and citizenship-by-investment forums in the world.
Reflecting on this opportunity, I was honored to be invited to take part in this important event where we were able to highlight the current challenges and opportunities associated with the EB-5 regional center program. I hope event attendees left feeling they have a better understanding of the EB-5 program and the laws and regulations surrounding it.
Speaking on these changes, I left feeling energized in the work we are doing with congressional representatives in Washington D.C. For the first time the entire industry has come together to support one piece of legislation, giving it the highest chance of success in program history.
This draft bill includes an increase in the minimum capital contribution from $500,000.00 USD to $800,000.00 USD and the elimination of derivatives in the visa count which will drastically decrease the backlog.
I encourage investors to take advantage of the current rules so that they can invest at the lowest rate.
I strongly believe the EB-5 program offers substantial benefits for the U.S. economy as well as for the investors who pursue this visa and U.S. permanent residency.