The New EB-5 Immigrant Investor Processing times were published by USCIS on December 5. As usual there was a steady increase in the processing of I-526 Applications (the initial Immigrant Investor Application for the conditional Green Card). However, the processing time for the application for removing the conditions on the Green Card (Form I-829) jumped 1.8 months.
The processing time for companies to obtain a Regional Center designation also increased by half a month. Overall the EB-5 program is taking much longer than originally intended.
· Form I-525 (Immigrant Petition by Alien Entrepreneur)
o 14.7 months (increase of 0.4 months)
· Form I-829 (Petition by Entrepreneur to Remove Conditions)
o 6.8 months (decrease of 1.8 months)
· Form I-924 (Application for Regional Center)
o 9.0 months (increase of 0.5 months)
For best results, consult with an Immigration Attorney experienced in filing EB-5 applications.
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