On January 31, 2024, the U.S. Citizenship and Immigration Services (USCIS) published a final rule related to filing fees under the EB-5 immigrant investor program. These represent a large increase in filing fees for prospects looking to move forward with their EB-5 investment. Specifically, the following fees impact prospective investor’s costs of their EB-5 investment:
I-526/I-526E filing fees will increase to $11,160 from $3,675.
I-829 petition filing fees will be increased to $9,530 from $3,750.
The above fee increases, in addition to others, were originally proposed in January 2023 through a notice of proposed rulemaking. Although this change has been controversial (with nearly 8,000 comments on the proposal), the USCIS did not adjust the EB-5-related amounts during or after the comment period.
This fee schedule will go into effect on April 1st, 2024. Any I-526E petition filed on or after that date will be subject to these increased filing fees.
The fee increases impact not only prospective investors. I-956 and I-956F petitions filed by prospective regional centers, and regional centers for each EB-5 investment partnership respectively will be increased to $47,695 from $17,795.
Business Magnet is introducing two EB-5 investment opportunities, both of these EB-5 investments have units available. One already has an I-956F petition on file with the USCIS and investors can file their I-526E immediately. The other one petition will be filed in the very near future and investors interested will be able to file their I-526E petition prior to the fee increase. Business Magnet is partnering with one of the oldest and most successful regional center operators in the EB-5 industry. Contact us today to learn more about how an EB-5 investment can lead to permanent residency in the United States for you and your family!