EB-5 Visa Processing to Help America Win the Future

USCIS Proposes Significant Enhancements to EB-5 Visa Processing to Help America Win the Future

Released May 19, 2011

Actions Will Streamline Program Designed to Create Jobs WASHINGTON—U.S. Citizenship and Immigration Services (USCIS) today proposed significant enhancements to the administration of the USCIS Immigrant Investor Program, commonly referred to as the EB-5 Program—transforming the intake and review process for immigrant investors as part of the Obama administration’s continued commitment to improve the legal immigration system and meet our economic and national security needs for the 21st century.

The EB-5 Program makes 10,000 visas available annually to immigrant investors who invest in commercial enterprises that create at least 10 U.S. jobs. EB-5 investors may petition independently or as part of a USCIS-designated Regional Center. “Congress created the EB-5 Program in 1990 to attract investors and entrepreneurs from around the globe to create jobs in America,” said USCIS Director Alejandro Mayorkas. “We are dedicated to enhancing this program to ensure that it achieves that goal to the fullest extent possible.” USCIS is proposing three fundamental changes to the way it processes EB-5 Regional Center filings.

First, USCIS proposes to accelerate its processing of applications for job-creating projects that are fully developed and ready to be implemented. USCIS will also give these EB-5 applicants and petitioners the option to request Premium Processing Service, which guarantees processing within 15 calendar days for an additional fee. Second, USCIS proposes the creation of new specialized intake teams with expertise in economic analysis and the EB-5 Program requirements. EB-5 Regional Center applicants will be able to communicate directly with the specialized intake teams via e-mail to streamline the resolution of issues and quickly address questions or needs related to their applications. Third, USCIS proposes to convene an expert Decision Board to render decisions regarding EB-5 Regional Center applications.

The Decision Board will be composed of an economist and adjudicators and will be supported by legal counsel. This proposal will be online until June 17, 2011, for public comment—providing stakeholders an opportunity to offer feedback on the proposed changes to the administration of the EB-5 Program.

Source: USCIS

For more information and advice on immigration issues?

FREE immigration consultation and advice within 24 hours guaranteed

JCS Immigration & Visa Law office is located at
2975 Wilshire Blvd. Suite 352 in Los Angeles, California 90010
Office hours are Monday to Saturday from 9:00AM to 9:00PM

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: