Client Alert!
The Department of Homeland Security posted a Federal Register notice providing information related to the EB-5 Integrity Fund. Starting March 2, and each October 1 thereafter, as required by the EB-5 Reform and Integrity Act of 2022, U.S. Citizenship and Immigration Services (USCIS) will collect an annual fee from each designated regional center to finance the EB-5 Integrity Fund.
Background
The EB-5 Reform and Integrity Act of 2022 established a special fund known as the “EB-5 Integrity Fund” in the U.S. Department of the Treasury. USCIS will use the EB-5 Integrity Fund to administer the EB-5 Regional Center Program, and we may use the funds we collect to conduct investigations and detect and investigate fraud or other crimes.
Fee Information
The fee is $20,000 for regional centers with more than 20 investors and $10,000 for those with 20 or fewer investors. The first fee payment is due by April 1, and regional centers must pay the annual fee online directly at Pay.gov, a system managed by the U.S. Department of the Treasury. Starting with fiscal year 2024 (October 2023), the fee will be due at the start of each fiscal year between October 1 and October 31.
Click the link for more information.
