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U.S. reduces real estate investment funding for permanent residency | The Guardian Nigeria News - Nigeria and World News

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The United States Northern District Court of California has reduced the EB-5 minimum investment to $500,000 and vacated the decision to increase the minimum EB-5 investment amount from $500,000 to $900,000.

The court said the U.S. Citizenship and Immigration Services , Acting Director lacked the authority to issue that regulation.

In 2019, the U.S. implemented changes in the EB-5 investor programme as part of a comprehensive EB-5 modernisation law passed by Congress. Speaking at a press briefing, the Chief Executive Officer, 3Invest Limited, Ruth Obih, stated that the 2019 increase to $900,000 saw a drop in the level of investors.

She said: “Moderno Porcelain Works, is currently one of the few approved operational businesses in the EB-5 industry ready to process direct EB-5 investments in the U.S.

 

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