The Implementation of Enhancements to the EB-5 Program Has Begun
Beginning today, USCIS starts implementing some of the earlier proposed enhancements to the EB-5 program. According to USCIS website, Form I-924 applicants (Regional Center Application) will be able to communicate directly with USCIS adjudicators via e-mail. It will streamline the process and quickly raise and resolve issues and questions that arise during the adjudication process.
The progress of this direct line of communication will be monitored by USCIS in order to assess the effectiveness of the process and outline required additional changes.
The proposed enhancements to the EB-5 program were first announced on May 19, 2011. USCIS states that it “is currently exploring how it can accelerate the implementation of premium processing, which customarily takes months due to the need to revise the applicable forms. USCIS is currently hiring economists and other experts that will enhance and accelerate the adjudication process and also help constitute the Decision Board that was first described on May 19.”
Implementation of enhancements to the EB-5 program is a high priority for USCIS and is of a great importance for all EB-5 market participants. Stay informed on the status of proposed enhancements. USCIS director Alejandro Mayorkas will provide more information in his first Conversation with the Director this Wednesday, September 14, and in the national stakeholder engagement on Thursday, September 15.
To learn more about the EB5 investor visa program, please contact Fred Burgess or Joe Sloboda from Exclusive Visas at firstname.lastname@example.org or 001+1-954-727-9800.