We are currently exploring alternative business feasibility for this site.
During fiscal 2014 year, USCIS approved 1603 I-829 cases and denied 178 cases. This represents approximately 10% denial rate, or conversely, 90% approval rate.
USCIS is planning to host the EB-5 Immigrant Investor Program: Stakeholder Engagement hosted by USCIS on December 5, 2014 at 1:00 pm (Eastern).
We will post any info obtained soon after.
Read the detailed article on the issues discussed at the above teleconference here:
U.S. Citizenship and Immigration Services (USCIS) invites you to participate in a stakeholder webinar on Wednesday, July 30, 2014, from 3:30-4:30 p.m. (Eastern) to learn more about the usability and functionality of the new USCIS Electronic Immigration System (USCIS ELIS) Form I-526, Immigrant Petition by Alien Entrepreneur, and the document library.
During this webinar, USCIS will demonstrate this functionality and provide tips on using USCIS ELIS features.
The USCIS ELIS Form I-526 allows customers to:
Submit their petition electronically,
Upload evidence, and
Track case status in real-time.
BEA announced the following recently:
"The Bureau of Economic Analysis plans to release in 2015 a modified economic model to replace the original Regional Input-Output Modeling System (RIMS II). Cost savings will be realized because the modified model will be updated less frequently.
Much like RIMS II, the modified model will produce regional “multipliers” that can be used in economic impact studies to estimate the total economic impact of a project on a region.
However, the modified model will be updated with new input-output (I-O) data only for benchmark years. That is — years ending in two and seven. The modified model will become available to customers in 2015 and incorporate 2007 benchmark I-O data and 2012 regional economic data.
who recently obtained I-829 conditions removal petition approval, as well as permanent green cards. This smart, English-speaking client selected the EB-5 project on his own, and our office just provided I-526 and I-829 services.
Seems like the procedure has become more liberal.
With over 450 designated RCs trying to capture less than 3,500 EB-5 cases per year, the EB-5 has become a very competitive area. There are currently more SEC restrictions than most RCs are aware or can reasonably follow, and it appears most EB-5 clients are retained outside the United States intentionally.
While the demand has increased and the outlines of the EB-5 law has been clarified, the processing times for I-526 and I-829 cases have not improved all that much.
We would say around ten RCs still capture over 80% of the EB-5 cases out there, 85% of which are from China. Without Chinese EB-5 cases, the EB-5 area would be dead, and USCIS would have to lay-off most of its trained EB-5 staffs.
USCIS' own official website for EB-5 Program, including a list of all designated Regional Centers, is located at:
On Feb. 26, 2014, after almost one year from the last EB-5 stakeholders meeting, USCIS held an EB-5 Stakeholders Teleconference with the new EB-5 Program Director, Nicholas Corlucci. Some other professionals have already aptly summarized the contents of the Teleconference per below.
USCIS Executive Summary: http://www.uscis.gov/sites/default/files/USCIS/Outreach/Notes%20from%20P...
U.S. Citizenship and Immigration Services (USCIS) invites you to take part in a teleconference on Wednesday, February 26, 2014 from 1:30 p.m. – 3:00 p.m. (Eastern) to discuss the EB-5 Immigrant Investor Program.
Let me quickly job down my personal take on the current status of EB-5 Program.
The best article I found on the web explaining the Chinese EB-5 visa numbers retrogression is:
Written by another US immigration attorney, Julia Park, not affiliated with our office in any way. Good article.
Retrogression for China may take place in 2014 for several months to 1 year. Essentially, this means the time it takes for an average Chinese EB-5 investor will increase significantly. It would not surprise me if it takes 3 years or more for Chinese EB-5 investor to obtain a conditional green card. This development will have all kinds of consequences.
1. Do not be surprised if Chinese EB-5 IV numbers become back-logged next year.
2. Expect long delays in adjudication of I-526s and I-829s until EB-5 cases are transferred to the newly-created EB-5 Program Office in Washington, D.C. Currently, I-924 Regional Center applications are sent and adjudicated at the Washington, D.C. Office, but I-526 and I-829 cases are stuck at CSC. This delay is causing the demand for EB-5 cases to go down sharply in some countries other than China. Chinese wealthy applicants have no other options basically, so they are stuck doing EB-5 cases.