EB-5 Immigrant Investor Program
The U.S. Citizenship and Immigration Service (USCIS) EB-5 Immigrant Investor Program is administered by the U.S. Citizenship and Immigration Services and is governed by federal laws and regulations. The EB-5 visa program allows qualified investors to become eligible for green cards for themselves and their dependent family members. To qualify, individuals must invest $1.8 million in a new commercial enterprise that creates 10 permanent full-time jobs for qualified U.S. workers. The minimum qualifying investment within a Targeted Employment Area (TEA) is $900,000.
Under a new rule published by the U.S. Department of Homeland Security, several changes to the EB-5 Immigrant Investor Program went into effect on Nov. 21, 2019.
TEA Designation Requests
The Maryland Department of Commerce is no longer the designated authority to certify areas that qualify as high unemployment areas in Maryland. The USCIS will now review and determine the designation of high-unemployment TEAs. High-unemployment TEAs will now consist of a combination of census tracts that include the tract or contiguous tracts in which the new commercial enterprise is principally doing business, including any or all directly adjacent tracts. Provided they have experienced an average unemployment rate of at least 150% of the national average unemployment rate, TEAs may now include cities and towns with a population of 20,000 or more outside of metropolitan statistical areas.