EB-5, a no-strings-attached visa that requires no employer sponsorship or family support, has been under review for quite some time.
The Indian investors have waited anxiously for the US-proposed changes that include increasing the minimum limit of investment. The US government’s office of management and budget (OMB) has notified recently that the formal and final announcement about investment rules for EB-5 will come out in August.
CanAm Investor Services’ India vice-president Abhinav Lohia said: “The proposed changes in regulations may come into effect by August-end, but will have to stand the test of judiciary, as industry stakeholders will challenge those. Any delays in implementing the regulations will most likely be caused by judicial interference. That said, it is highly likely that the US Congress will vote on the change in the EB-5 law on or before September 30.”
About CanAm Enterprises With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm Enterprises has a long and established track record. Based on a reputation of credibility and trust, CanAm Enterprises has financed 53 project loans and raised more than $2.6 billion in EB-5 investments. CanAm Enterprises exclusively operates several USCIS-designated regional centers that are located in the city of Philadelphia, the Commonwealth of Pennsylvania, the county of Los Angeles, the metropolitan region of New York, Hawaii, Florida, and Texas. For more information, please visit www.canamenterprises.com