There has been concern that the EB5 regional centre visa pilot program is due to end on March 6^th 2009. For many considering permanent residence and work or retirement in the USA the $500,000 investment in an approved regional centre has been the only realistic option open to them.

The latest news is that it does look as though there is the possibility that a six month extension for the EB5 visa may be incorporated into a continuation bill, which covers the temporary financing of government. However, we believe that a further five year extension is not clear as both the President and Congress may review the entire process and it has become apparent that the new administration may well have a number of other priorities.

Obtaining the latest information on the future of the EB5 may be critical to your timing for a move.  To obtain the latest information on what is happening in Congress, particularly if you are planning a move or considering the EB5 route, its worth getting an update on the progress of the EB-5 extention.