Rural TEA investment projects offer an option for foreign investors to obtain permanent residency swiftly, with a large number of rural visas currently available. This is an ideal time to take advantage of this opportunity before increasing demand for rural projects in the EB-5 program potentially leads to oversubscription.
Rural TEA projects fall under Targeted Employment Areas (TEAs). There are areas where the government encourages foreign investment to spur economic growth. Although long wait times and backlogs have been common, the EB-5 Reform and Integrity Act of 2022 (RIA) has introduced “priority processing” for rural EB-5 applications. This provision ensures that rural petitions are prioritized, speeding up the process compared to other EB-5 applications.
With the rural visa quota and priority processing in place, the approval process for rural EB-5 petitions is significantly faster. As of now, generally, there is no waiting list for the rural TEA category, and investors only need I-526E approval to proceed with their Green Card application. Post-RIA, some rural TEA investors have received petition approval in less than a year—an unprecedented speed in the EB-5 process.
If you're navigating the complexities of the EB-5 visa process and need expert guidance, Akula & Associates P.C. in Dallas, TX, is here to assist you. Our experienced immigration attorneys understand the intricacies of U.S. immigration law and are committed to helping you achieve your American dream. Contact us today to find out how we can support you through every step of the process. Let us be your partner in this journey. Contact us at https://www.akulalaw.com/contact