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Immigrant Investor Program, EB-5 Updates

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Immigrant Investor Program, EB-5 Updates

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USCIS Loses Appeal of Landmark Decision

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EB-5 Applications suddenly simplified as Unsecured Loans can now be used as EB-5 Investment Capital A three-judge panel ruled in the D.C. Circuit court that EB-5 investors can use the proceeds of unsecured loans for their investment capital, upholding an 2018 D.C. federal court decision. USCIS tried to argue in their appeal that to allow…

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Huge Increase in EB-5 Visa Quotas

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Washington, D.C. – September 29, 2020: The U.S. Department of State recently published the much-anticipated monthly Visa Bulletin for October, 2020. Employment Based Green Cards The U.S. Department of State concluded its calculations of the employment-based immigrant visa annual limit for FY 2021, which is anticipated to be 261,500, an all-time high. The October, 2020 Visa Bulletin…

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USA Provides More EB-5 Visas in 2021

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On September 24, 2020, the U.S. Department of State (DOS) released their October 2020 visa bulletin. In a typical year, the total number of visas allocated to the Employment-Based category is approximately 140,000 visas. Of that total, 7.1% are allocated for the EB-5 Immigrant Investor Program (EB-5) for a normal yearly EB-5 total of approximately…

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EB-5 Renewed – VIsa Number Doubles

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EB-5 program renewed until December 11, 2020. 1st October 2020, Washington D.C. The US Congress approved budget legislation (Continuing Resolution CR) that funds the operations of the federal government until December 11, 2020. The CR also passed an extension of the EB-5 Regional Center program until December 11, 2020. This ensures that the EB-5 Regional…

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Questions and Answers: EB-5 Further Deployment

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Q1. Do I have to submit information for further deployment activities when I file Form I-924A, Annual Certification of Regional Center?    A1. For now, Form I-924A does not require information about further deployment activity. However, we routinely revise forms and a future version of Form I-924A may require such information. We will accept a Form I-924A that includes redeployment information; for example, an investor could include such information in the Additional Information section, Part 11.…

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2020 Deadline Approaches for Congress to Extend or Renew the EB-5 Regional Center program

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The end of the 2020 Fiscal Year on September 30th brings with it a deadline for Congress to extend or renew the EB-5 Regional Center program. For the EB-5 program to continue uninterrupted, it requires Congress to pass budget legislation, including a possible continuing resolution, to extend government services. There are only eight legislative days…

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USCIS 2021 Update On EB-5 Filing Fees

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The USCIS Adjusts EB-5 Filing Fees for Investors and Regional Centers FY 2021 Today, to ensure U.S. Citizenship and Immigration Services (USCIS) recovers its costs of services, the Department of Homeland Security (DHS) announced a final rule that adjusts fees for EB-5 investors and Regional Centers and other immigration and naturalization benefit requests. This fee…

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India No Longer Faces EB-5 Visa Retrogression

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India is no longer facing a visa backlog. This progression comes despite the closures of the U.S. foreign consulates and embassies. The Dates for Filing on the Visa Bulletin remain unchanged in July, but USCIS has stated that they will instead be using Final Action Dates to determine who is eligible to file for adjustment…

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Visa Bulletin Released – India EB-5 Category to Become Current

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Washington, D.C. – June 18, 2020: The U.S. Department of State recently published its monthly Visa Bulletin for July, 2020. Employment Based Green Cards The July, 2020 visa bulletin shows modest movement forward for most Employment-based categories and significant movement forward for EB-1 and EB-5 India. The upcoming visa bulletin shows that EB-5 India will…

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