US Golden Visa rules relaxed: How it eases the immigration process

New changes to the EB-5 program were introduced earlier this year through the enactment of the EB-5 Reform and Integrity Act of 2022 (RIA or ACT). It aims to increase transparency and safety for foreign nationals participating in the programme, a Gulf News report has been cited.

All you need to know:

• The act reauthorized the EB-5 program for the next five years. This is the first time since 2015 that the EB-5 regional center program has received such a lengthy reauthorization.
• In addition, families may benefit from the RIA’s Grandfathering Provision, which provides that adjudication on petitions filed on or before September 30, 2026 will continue even after the termination of the EB-5 program. This will bring more protection to existing EB-5 investors because in the event of a suspension of the program, their files will continue to be processed by USCIS and they will still be able to get their US green cards on time.
• The act now makes it possible for EB-5 investors to live, work and study in the US while they wait for their green card application to be processed.
• EB-5 applicants will receive protection in good faith to invest in a regional center, a new commercial enterprise, or a job-generating unit that has been terminated or restricted. This means that these innocent investors will not lose their place in line and can still benefit from obtaining their US green cards through the EB-5 program.
• The EB-5 program is now in full swing and EB-5 investors can file their green card applications to take advantage of the program’s many benefits. ,

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