EB-5 and other USCIS Timelines for September 2015

The Form I-526 processing time has not changed, but Form I-829 (petition by entrepreneur to remove conditions(has increased again by a month) as did Regional Center Form I-924.

For more information about the EB-5 program, please contact the JQK Law Firm at (310) 582-5904.

Form I-526 (Immigrant Petition by Alien Entrepreneur)

• 13.4 months (no change)

Form I-829 (Petition by Entrepreneur to Remove Conditions) 

• 14.7 months (1.1 increase) 

Form I-924 (Application for Regional Center)

• 12.4 (.9 increase)

For more USCIS Processing times, please visit these links:

AAO Processing Time Reports

CSC Processing Time Reports

NBC Processing Time Reports

NSC Processing Time Reports

TSC Processing Time Reports

VSC Processing Time Reports

EB-5 Processing Time Reports

International Operations Offices Processing Time Reports

PERM Processing Time Reports

Draft USCIS Guidance on EB-5 Released

USCIS Released Draft Guidance on the Job Creation Requirement and Sustainment of the Investment for EB-5 Adjudication of Form I-526 and Form I-829.

Please see: http://www.uscis.gov/sites/default/files/USCIS/Outreach/Draft%20Memorandum%20for%20Comment/PED-Draft_Policy_Memo_Guidance_on_the_Job_Creation_Requirement_and_Sustainme.pdf

SEC Announces Asset Freeze Against Alleged EB-5 Fraudster in Seattle Area

FOR IMMEDIATE RELEASE
2015-173

Washington D.C., Aug. 25, 2015 — 

The Securities and Exchange Commission today announced an asset freeze obtained against a man in Bellevue, Wash., accused of defrauding Chinese investors seeking U.S. residency through the EB-5 Immigrant Investor Pilot Program by investing in his companies.

The SEC alleges that Lobsang Dargey and his “Path America” companies have raised at least $125 million for two real estate projects: a skyscraper in downtown Seattle and a mixed-use commercial and residential development containing a farmers’ market in Everett, Wash.  But Dargey diverted $14 million for unrelated real estate projects and $3 million for personal use including the purchase of his $2.5 million home and cash withdrawals at casinos.

To read more, go to: http://www.sec.gov/news/pressrelease/2015-173.html

USCIS Releases EB-5 Policy Memorandum Draft

Please visit:

http://www.uscis.gov/sites/default/files/USCIS/Outreach/Draft%20Memorandum%20for%20Comment/PED-Draft_Policy_Memo_Guidance_on_the_Job_Creation_Requirement_and_Sustainme.pdf

EB-5: July 2015 Processing Times Change Slightly

The EB-5 Immigrant Investor Processing Times have had changed slightly for July 2015. The initial Immigrant Investor Form I-526 Petition and Package processing times was decreased by half a month, but the Form I-829 and Form I-924 processing times have increases.

For more information about the EB-5 program, please contact the JQK Law Firm at (310) 582-5904.

Form I-526 (Immigrant Petition by Alien Entrepreneur)

• 13.4 months (Decrease .6 months)

Form I-829 (Petition by Entrepreneur to Remove Conditions) 

• 13.1 months (Increase of .4 months)

Form I-924 (Application for Regional Center)

• 12.2 (Increase of .1 month)