On Jan. 4, the Department of Homeland Security published notice in the Federal Register of their intention to increase fees for participants in the EB-5 visa program. The proposed fee hikes will impact Immigrant Investors using the EB-5 visa program to achieve permanent residence through the program.
The EB-5 visa program requires participants to file two separate petitions. The initial petition, required to achieve conditional permanent residency, is form I-526E. Form I-526E is filed by EB-5 investors immediately after making the required investment.
The second petition, form I-829, is filed ninety days prior to the completion of the EB-5 participant’s two-year sustainment period under their conditional permanent resident status.
Combined, the proposed fee schedule increase for both petitions will add $13,260 to EB-5 participants’ total costs.
The proposed fee schedule is currently in a 60-day comment period that will last until March 6, 2023. The USCIS may still make adjustments to the proposed fee schedule following the comment period.
For prospective participants in the EB-5 visa program, now is the time to strongly consider moving forward with a high quality CMB EB-5 project offering. If an EB-5 participant delays filing their petition he or she could experience a substantial increase in the amount necessary to file his or her immigration petitions.
Contact us to discuss the benefits of moving forward prior to the proposed rate increases. Our team of EB-5 professionals is available to answer your questions on the EB-5 program, CMB, and demonstrate how CMB’s 25-year history as a leader in the EB-5 industry can help you achieve your American dream.
