The EB-5 program allows foreign investors to receive legal permanent residence in the United States. The minimum amount required for this program is $500,000. The program was to be cancelled. However, today the USCIS announced that the program is to be extended:
–U.S. Citizenship and Immigration Services (USCIS) announced today that the Immigrant Investor Pilot Program has been extended through September 30, 2009 due to yesterday’s signing of the “Fiscal 2009 Omnibus Appropriations Bill,” H.R. 1105. As a result of the extension of the Pilot Program, USCIS will continue to receive, process, and adjudicate all Regional Center Proposals and Forms I-526, Immigrant Petitions by Alien Entrepreneur, and Forms I-485, Applications to Register Permanent Residence or Adjust Status, affiliated with Regional Centers relying on “indirect” job creation analysis. Currently, there are 45 regional centers throughout the United States. For more information on USCIS and its programs, visit www.uscis.gov.