Why Now Is A Good Time for Russian Nationals to Invest in EB-5

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The EB-5 visa has become a very popular way for obtaining permanent resident status in the U.S. for many Russian people. The number of EB-5 visas issued to Russian nationals increased between FY 2017 and FY 2018, but the number of applicants filing overall dropped significantly to the lowest it has been since FY 2013. However, more Form I-526 Immigrant Petitions by Alien Entrepreneur have been approved than ever before. U.S. Citizenship and Immigration Services reported that 13,571 I-526 Petitions were approved in FY 2018, a jump of more than 2,250 from the next highest year.

This type of visa does not involve excessively long wait times for Russian nationals and requires no labor certification to prove unavailability of U.S. workers, no close family member in the U.S. to petition on behalf of immigrant, no assertion of exceptional or extraordinary ability, no showing of persecution or showing of fear that they will be persecuted on account of race, religion, nationality, and/or membership in a particular social group or political opinion, no business to operate directly on a daily basis, and no employment sponsorship.

A good reason to invest now is that there is a strong chance that the EB-5 Program will face an increase in the investment amounts. One proposed regulation that is currently in final review raises the minimum amount for targeted employment area (TEA) investments from $500,000 to $1,350,000 and for non-target employment area direct projects from $1 million to $1.8 million.

While the minimum investment amount of $500,000 may not be an option for all of our Russian clients, it certainly is an option for many. This investment amount can be obtained through the investor’s own means or through gifts received from family members and other individuals.

If you are considering permanent resident status in the U.S. by investing lawfully acquired funds of at least $500,000, now is the time to get started while the EB-5 process is still in its current form.


About The Author

Matthew R. Morley is an American immigration attorney based in Moscow practicing in the area of US immigration and nationality law. He is the founding member of Morley & Associates. Mr. Morley is the author of EB-5 for the Russian Investor (Russian Version available on Amazon.com) as well as numerous articles. If you are interested in learning more about the EB-5 Immigrant Investor Visa Program and our legal services, please contact us at info@matthewmorley.com.