US Moves to Increase EB-5 Visa Fee

US Moves to Increase EB-5 Visa Fee

EB-5 Visa, EB5 Visa, EB5 Investments

Nigerian investors have been advised to take right and swift decision, as the United States of America (USA), is prepared to hike its Employment -Based Fifth Preference Category 1, EB-5 Visa Fee by 270 per cent.

The Chief Executive Officer of Bradley International Limited, Olumide Idowu gave this advice while addressing journalists in Lagos during the week.

The advice came on the heels of the completion of EB-5 Immigrant Investor Programme Modernisation’s review by the 

US Office of Management and Budget (OMB), in June.

The EB-5 Visa Programme is a citizenship programme that allows investors and all their immediate family to become permanent citizen and after six years, so far they engage the right Regional Center and attorney. It affords foreigners opportunity to bring capital investment into the United States in exchange for citizenship.

According to Idowu, as a result of the review, the investment fee is expected to grow to about $1.35million from current $500,000 and increase as much as $1.8million from current $1million.

Providing more details, he said: “It is believed that once the final rule is published in the Federal Register, the usual time for a legislative change to take effect is 30-60 days.

“The time to act is now. With the priority dates still in place, any interested investor can still get their petition signed under the old fee if they act now. One major cause of delay in filing for EB-5 is the Source of Funds (SOF) .

“It takes two or more months for attorney to get pass these stage before filing the main petition Form i526. It is pertinent at this point, prospective investors should contact a regional centre and a reputable attorney to get started. For those who can afford the higher minimum investment level of $1.35million and above, it is advisable that they should apply as normal.

“EB-5 will continue to offer the fastest and most straightforward routes to USA permanent residency. While your investment is naturally at risk, our affiliate Regional Center (MCFI) and attorneys (Davies & Associates) are uniquely positioned to help Nigerians assess the risks associated with various projects. This would allow you to mitigate risks to your investment and boost the chances of having your money returned, whether it be $500,000 or $1.35 million.”

The EB-5 Visa Programme was created by US Congress in 1990 by the Immigration Act to stimulate the US economy in exchange for immigrant investors to become lawful permanent residents along with their spouse and children below the age of 21.

It is being controlled and monitored by United State Citizenship and Immigration Services (USCIS) .

At the end of 2018,113 Nigerians have signed up for the programme with 108 invested in $500,000 in TEA while five invested in $1m non-TEA ,as reported by USCIS .



  • New York

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.