History of EB-5

The EB-5 Immigrant Investor Program has evolved significantly since its inception, reflecting changes in economic priorities and immigration policy. Here’s a timeline outlining the key milestones in the history of the EB-5 program:

  • 1990

    Establishment of the EB-5 Program

    Congress creates the EB-5 program as part of the Immigration Act of 1990, aiming to stimulate the U.S. economy through job creation and capital investment by foreign investors.

  • 1992

    Introduction of the Regional Center Program

    The Immigrant Investor Pilot Program, including the EB-5 Regional Center Program, is established to allow investments through designated entities that promote economic growth in specific areas.

  • 1993-2003

    Initial Challenges and Low Interest

    The program experiences minimal interest and faces challenges due to complex regulations and high financial risk, resulting in many visas going unissued.

  • 2005

    Revitalization Efforts by USCIS

    USCIS begins efforts to revitalize the EB-5 program, streamlining the application process and improving adjudication efficiency, slowly increasing the program's popularity.

  • 2008-2009

    Renewed Interest During Financial Crisis

    The global financial crisis leads to renewed interest in the EB-5 program as developers seek alternative funding sources, boosting the program's utilization.

  • 2011

    Clarification of Program Rules

    USCIS implements the EB-5 Adjudications Policy Memo, providing clearer guidance on program requirements and procedures, enhancing its appeal to investors.

  • 2012

    Reaching the Visa Cap

    For the first time, the program hits its cap of 10,000 visas issued, indicating significant momentum and continued interest in subsequent years, especially from investors in China.

  • 2015

    Proposals for Enhanced Integrity and Efficiency

    USCIS proposes changes to improve the integrity and efficiency of the program, including more rigorous vetting procedures and enhanced fund source verification.

  • 2019

    Modernization Rule Implementation

    The Modernization Rule for the EB-5 Immigrant Investor Program increases the minimum investment amounts and reforms TEA designations to foster investment in rural and high-unemployment areas.

  • 2022

    Reauthorization and Reform

    Congress reauthorizes the Regional Center program as part of the EB-5 Reform and Integrity Act of 2022, incorporating new integrity measures, increased oversight, and adjusted investment thresholds.

Discover if you qualify for the EB-5 program and receive a personalized, detailed plan by contacting us today!

“EB-5 Program is a win win, as it truly help families achieve their dreams and help create american job to boos he economy”

Jim Kallas

Discover if you qualify for the EB-5 program and receive a personalized, detailed plan by contacting us today!