USCIS Director Mayorkas and the Office of Public Engagement invite you to participate in a teleconference on Wednesday, November 9 from 1:00 – 2:00 pm (EST) to discuss new USCIS policy guidance on the EB-5 Immigrant Investor Program. This guidance will be available at www.uscis.gov/outreach for stakeholder review and comment shortly.
If you are considering the EB-5 process, contact The Nunez Firm to schedule a free consultation. Managing attorney Jay Nunez will personally meet with you to discuss whether the EB-5 or E-2 process might be beneficial for you.
On June 30, 2011, United States Citizenship and Immigration Services released statistics regarding the EB-5 visa program at the EB-5 Immigrant Investor Program Stakeholder Meeting.
According to Director Mayorkas:
- There are currently 147 approved Regional Centers in the United States.
- There are regional centers in 39 states and the District of Columbia and Guam.
- Approximately 90-95% of EB-5 petitions filed each year pertain to investments with Regional Center-affiliated commercial enterprises.
- In Fiscal Year 2010, 1369 I-526 petitions for EB-5 status were approved, which equated to an 89% approval rate..
- In the first two quarters of Fiscal Year 2011, 407 I-526 petitions were approved (81% approval rate).
- The current processing time for I-526 petitions is 5.5 months.
- In the first two quarters of Fiscal Year 2011, 2,129 EB-5 visas were issued.
- In Fiscal Year 2010, only 1,885 EB-5 visas were issued.
If you are considering the EB-5 visa process, contact The Nunez Firm to schedule a free consultation. Managing attorney Jay Nunez will personally discuss the process and help you determine if the EB-5 process is a viable option.
USCIS has proposed several changes in the processing of EB5 cases. The proposal articulated three “steps” that are intended to improve the
EB-5 case adjudication process:
1. Provide for accelerated and premium processing of I-526
petitions and I-924 applications involving projects that are ready
to get underway;
2. Create Specialized Intake Teams for the initial review of I-924
applications, with teams able to communicate directly with I-
924 applicants in writing to address questions; and
3. Create an expert Decision Board for rendering decisions on I-
924 applications, with the option of an in-person or telephonic
interview to inform the Board’s final decision where a notice of
intent to deny has been issued.
If you are considering the EB-5 investor visa process, contact The Nunez Firm to schedule a consultation to discuss whether this option is ideal for you. Managing attorney Jay Nunez will personally discuss your case with you and help you better understand the process.