Yesterday, Senators Graham (R-SC), Rounds (R-SD) and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) proposing long overdue improvements to modernize the EB-5 program in alignment with industry and market principles. The Act reflects a fair compromise between rural and urban stakeholders providing substantial market advantages to rural and urban …
On June 27, 2019 it was posted that OMB had finished its review of the new EB-5 regulations proposed during the Obama-era back in January of 2017. The proposed regulations included raising the minimum investment amounts to $1.3 million and $1.8 million for TEA and non-TEA investments respectively. This is widely believed to be the …
USCIS proposal to stop providing work permits for H-4 spouses is one step closer to implementation. Last Wednesday, USCIS submitted its final proposal to the Office of Management and Budget (OMB). After OMB completes its review, OMB will either (1) send it back to USCIS for revision, or (2) submit it for publication with the …
On February 22, 2019, USCIS sent the final version of Rule 1615-AC07, known as EB-5 Immigrant Investor Program Modernization Rule, to the Office of Management and Budget (OMB) for review (https://www.reginfo.gov/public/jsp/EO/eoDashboard.jsp). While this is a significant step forward, OMB is under no legal deadline to complete the review. Once OMB completes its review, one of …
USCIS I-526 Processing Times Will Likely Drop to 6 Months. Recent analysis of USCIS processing data revealed that I-526 adjudication will accelerate significantly. Our best estimate is that an I-526 petition filed in March 2019 will need approximately 6 months for adjudication. Our analysis can be viewed in our recently published article below: EB-5 I-526 …
That’s right, our internal estimate is an I-526 petition filed today will take around 6 months for USCIS approval. Here are the simple reasons why: The number of I-526 petitions processed by USCIS skyrocketed; The number of I-526 investor petitions submitted are plummeting; Project petition quality has increased as the industry consolidates to only the …
As we begin to receive our first I-526 approvals for the Madison Park Project, we want to provide our investors with a brief explanation of the next step towards becoming a permanent resident: I-485 Adjustment of Status or Consular Processing. If You Are Within the United States: I-485 Adjustment of Status After your I-526 approval, …
What is a Reentry Permit? (USCIS Guide Download) A reentry permit is a permission from U.S. Citizenship and Immigration Service (USCIS) to a U.S. lawful permanent resident (LPR) or a conditional permanent resident to reenter the U.S. after an extended period of stay abroad. Normally, LPRs are expected to reside in the U.S. on a …
