USCIS Proposes Changes to I-924 Processing in EB-5 Program Applications

The EB-5 Immigrant Investor program was created in 1990 to help create jobs and international investment in the United States. Interested investors may petition to participate on their own or as part of a Regional Center, designated as such by USCIS. Investors can petition for the EB-5 visa on Form I-526 or for Regional Center designation on Form I-924. The proposal process is, however, quite complex, and involves a series of documents, including business plans supported by expert analyses and other key information. This process can be arduous and, according to many stakeholders and petitioners, is not ideal. In response to concerns voiced by stakeholders and petitioners, USCIS has submitted a series of proposed changes to the processing of EB-5 immigration cases. These changes will change...

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The U.S Immigration Department has Proposed Significant Updates to EB-5 Visa Processing

U.S. Citizenship and Immigration Services (USCIS) today proposed significant enhancements to the administration of the Immigrant Investor Program, commonly referred to as the EB-5 Program. The Proposal was made public by USCIS and a summary of the proposal was forwarded to Mr. Darren Silver, Principal Attorney of Darren Silver & Associates. Today, the U.S. Citizenship and Immigration Services made public a proposal to modify the existing protocol on how EB-5 Regional Center applications are processed and reviewed. USCIS is proposing three fundamental changes to the way it processes EB-5 Regional Center filings. This proposal has been reviewed and is summarized below by Mr. Darren Silver, Principal Attorney of Darren Silver & Associates. First, USCIS proposes to accelerate its processing...

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Immigrant Investor Program to Fund Rebuilding of Famous Pabst Brewery and Millhouse

An investment from a foreign national under the EB-5 Immigrant Investor Visa program is reshaping an American staple – the former Pabst brewery in Milwaukee, Wisconsin. Work on a new hotel and Hofbrauhaus restaurant in the brewery’s former location could start this summer. USCIS has just approved the first of 30 Chinese nationals who are each investing $500,000 into the project. This project, which is being spearheaded by Wisconsin developer Gary Gorman, will utilize $15 million in foreign investments to convert the former brewery and mill house into a six-story, 90-room hotel. Foreign capital is being raised for the project under USCIS’ EB-5 program, which enables foreign citizens to obtain a residency visa by investing at least $500,000 in a U.S. project that would result in at least 10...

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