New Rulemaking Brings Significant Changes to EB-5 Program
Minimum Investments, Targeted Employment Area Designations Among Reforms
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USCIS Policy Manual Updates
EB-5 Tenant Occupancy
USCIS is revising guidance on immigrant investor (EB-5) cases involving tenant occupancy. Previously, the USCIS Policy Manual allowed for tenant-occupancy methodologies used by some petitioners to show their capital created, or will create, 10 indirect jobs. USCIS has determined that these methodologies do not provide reasonable predictions of indirect job creation and are no longer considered reasonable methodologies to support economically or statistically valid forecasting tools.
DHS Proposes to Remove the International Entrepreneur Rule
WASHINGTON – The Department of Homeland Security (DHS) is proposing a rule to end a program that allows certain foreign entrepreneurs to be considered for parole to temporarily come to the United States to develop and build start-up businesses here, known as the International Entrepreneur Rule (IE Final Rule).