USCIS has released an updated set of processing statistics for petitions filed under the fifth employment-based preference category (EB-5) for foreign investors. It is interesting to note that the number of I-526 applications (for initial EB-5 green card) have more than doubled compared to 2010 (4,156 compared to 1,955) while the approval rate has remained [...]
The U.S. Citizenship and Immigration Service (USCIS) has announced the creation of a separate office which would be tasked with overseeing the EB-5 immigrant investor program. Yesterday, July 18, 2012, USCIS Director Mayorkas announced that his agency has and will continue to increase the number of staff dedicated to the EB-5 immigrant investor program. This [...]
Last week, in a press release, USCIS announced a number of significant enhancements to the EB-5 Immigrant Investor program. Note that these are proposed changes which are expected to be published on June 17th for public comment and possible implementation at a later date. About the EB-5 Program In 1990, the U.S. Congress created the [...]
About EB-5 and the Regional Center Program In 1990, the U.S. Congress created the fifth employment-based preference category (EB-5) for qualified foreign entrepreneurs seeking to invest in a business that will benefit the U.S. economy and create or save at least 10 full-time jobs. The basic amount required to invest is $1 million, although that [...]