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[Q] What is form I-924 for regional center designation or amendment application?
It is a new form proposed by USCIS and a draft was circulated by USCIS for comments. As of September 16, 2010, we did not hear that the form became official. The form is supposed to be used as the application form to apply for a regional center designation and to make amendments to the designated regional center. Now, some EB-5 practitioners believe the real reasons for the form are:
1. To collect more fees: there currently is no fee for regional center designation applications or amendments.
2. To impose more requirements, such as having to get a renewal designation every 5 years, etc.
3. To slide in additional substantive EB-5 requirements.