Davies & Associates, LLC, the market-leading US investor visa firm serving India, announced that on 5 May President Trump signed a bill into law extending the EB-5 Regional Center Program through 30 September 2017.
This bill could lead to an increase in the EB-5 investment for the regional centre program.
Speaking on the possible increase in the EB-5 investment amount, Mark Davies, Global Chairman, Davies & Associates, LLC said, "Although this omnibus bill leaves the terms of the EB-5 program unchanged, readers are reminded that requests from USCIS for comments to draft regulations closed on 11 April. These draft regulations contained a provision increasing the required investment for a TEA-based Regional Center EB5 investment from $500,000 to over $1,300,000."
Davies cautioned that "Once published the regulations would become law within 30 days and the EB-5 minimum investment would be increased to over $1,300,000. This means that Indian investors could have as little thirty (30) days to beat a significant increase in the investment required for EB5."
This potential increase in the EB5 investment is the driving force behind an explosion in Indian EB5 filings in 2017.
Davies & Associates reports filing more Indian EB-5 Petitions in 2017 than at any similar time in the history of the firm.
The increase in EB5 filings is at a pace whereby India may exceed its allotted annual quota of 700 EB5-based visas within two years. If that were to happen Indian investors would face possible retrogression and visa issuance delays of years. Beating possible retrogression and those delays are another reason many Indian Investors are flocking to EB-5 in 2017.