In a welcome bit of news for the EB-5 industry, USCIS released updated processing times dated as of April 30, 2014 which show USCIS is processing I-924 applications in approximately 4.4 months. Earlier this year, the processing of I-924 applications was moved to the new Immigrant Investor Program Office (IIPO) in Washington D.C. The new EB-5 Program Director Nicholas Colucci oversaw this transition and, during the February 2014 USCIS EB-5 Public Engagement, expressed optimism that the move to the IIPO and ramp-up of new staff at the IIPO would lead to shorter processing times. This new announcement by USCIS appears to be the fruits of that labor by Mr. Colucci and the IIPO and is significantly less than the most recent processing time reports, which pegged the I-924 application processing time at approximately 12 months.

Continue Reading I-924 Processing Times Reduced to 4 Months

GT attorney Kate Kalmykov was recently quoted in Miami Today’s article “Senate pushes EB5 visa’s limits.” The article discusses the proposed changes to the EB-5 immigrant investor program
Continue Reading Kate Kalmykov Quoted in Miami Today’s article “Senate pushes EB5 visa’s limits”

We are often called in to speak to developers, private equity funds and other organizations that have an interest in having one or more projects adopted by a regional center.
Continue Reading Due Diligence Questions to Ask When Seeking to Have Your Project Adopted by an Existing Regional Center

In recent years the EB-5 program has grown at a rapid pace. With nearly 200 USCIS designated regional centers in existence and many more in the process of being adjudicated, EB-5 investors are often unsure of which regional center to choose for their EB-5 investment. The following questions can serve as a starting point by EB-5 investors in evaluating the suitability of a particular regional center for immigration purposes. Investors are also encouraged to consult with competent business, securities and/ or financial professionals regarding the viability of the investment.

Continue Reading 50 Questions EB-5 Investors Should Consider in Choosing a USCIS Designated Regional Center Investment