Congress reauthorizes EB5 Regional Center Program

Written By Christian Pivarnyik

Foreign investors and entrepreneurs have long awaited the news. Congress gave green light to the reauthorization of the lapsed regional center investment option as part of EB5 petition. EB5 is an employment based immigration route for aliens who invest into an economic development project (Regional Center) or who decide to directly invest in the United States (Direct Investment). The investments amounts required for a successful petition vary between 800.000 USD and 1.050.000 USD , depending on whether the investor funds a targeted employment area or a business development outside the niche of TEAs. Successful alien inventors welcomed today’s news, as their opportunities towards permanent residency (otherwise known as green card) have broadened. Obtaining permanent residency with a successful EB5 petition is a pathway towards US citizenship within a short time frame of 5 years. Pivarnyik Law Firm handles both Regional Center and Direct Investment EB5 petitions for alien investors currently in the US in legal status or those living abroad.

Christian Pivarnyik
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