Last chance to emigrate to the US with $500,000 minimum investment

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SPONSORED | WOLFSDORF With no age requirement or need for a US sponsor, the EB-5 has become a popular visa option for those seeking more education and employment opportunities in America. The minimum investment amount is due to double in November.

Wolfsdorf Rosenthal LLP partner Joseph Barnett will be in SA from August 21 to 28 2019 to meet prospective EB-5 investors. Picture: SUPPLIED/WOLFSDORF/SHUTTERSTOCK

However, new regulations that will substantially increase the minimum EB-5 investment amount have been published in the Federal Register, with an effective date of November 21 2019. The proposed changes will price out many South Africans seeking to obtain permanent residency within the US through the EB-5 visa programme.

Another major change is that the authority to designate a geographic location as a TEA has been moved from state governments to the federal government – a change that is likely to lead to significant delays and additional costs to EB-5 projects and investors.

 

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