The EB-5 Visa Bulletin for November 2019 is available now and here’s what it shows.
Final Action Dates
The final action dates for Mainland China, India and Vietnam have all advanced slightly this month since the Visa Bulletin for October 2019 was released. The following final action dates are for both Regional Center and non-Regional Center categories.
The final action dates for Mainland China advanced from October 22, 2014 to November 1, 2014. The final action dates for India have advanced from November 22, 2017 to December 8, 2017. The final action dates for Vietnam have advanced from October 15, 2016 to November 15, 2016.Qualified EB-5 investors from Mainland China, India, and Vietnam may apply for a visa if their priority date is earlier than their country’s final action date listed above.
All other countries’ final action dates remain current. This means that applicants who are from countries with “current” final action dates can apply for a visa and be issued one when one becomes available.
Dates for Filing
The November dates for filing are all current except for Mainland China. Mainland China dates for filing remains January 1, 2015 for both Regional Center and non-Regional Center categories.
All other countries have remained current.
Expiration of the EB-5 Regional Center Program
The Continuing Resolution (H.R. 4378) passed by Congress extended the EB-5 Regional Center Program through November 21, 2019. If no legislative action is taken to extend EB-5 for FY 2020, then the final action dates for all countries will become “U” or unavailable for all countries effective November 22, 2019.
EB-5 Modernization Regulation
A new EB-5 rule is set to go into effect on November 21, 2019. This rule raises the EB-5 minimum investment amount for both targeted employment area (TEA) investments as well as non-TEA investments. TEA investments is set to increase from $500,000 to $900,000 on Nov. 21, and non-TEA investments will increase from $1 million to $1.8 million on the same date.
To lock in the lower investment rate, apply prior to the November 21st deadline.