EB5 Regional Center law extended to 12/9/2016!

Direct investment under the EB5 law is permanent.

Regional center law, under which an investor can invest in bigger projects with pool of other investors,  is only good for several years at a time.  The current law expires today.

The extension passed yesterday by the Congress and signed into law by the President would extend the law to December 9, 2016.

from now until December 9, 2016, there are several possibilities about the future of EB5 regional center law:

1. extend until 9/30/2017 without any changes;

2; a short extension to the Spring of 2017 without changes;

3. substantive changes and extension of the law to another 3-5 years.  The changes may include the increase of investment amount from $500,000 to $800,000 in rural or TEA areas; tightens the rules on TEA designation; Securities law compliance; regional center/project compliance review, among other things.

It is always advisable for anyone who wants to invest in the EB5 program to start the process ASAP.