In February 2014, USCIS hosted a telephonic meeting with EB-5 stakeholders regarding the EB-5 program. During that call, USCIS estimated an average processing time of 12 months for I-924 applications. As of June 2014, the pendency period has increased, and we are now seeing a longer window of approximately 12-15 months. However, Mr. Nicholas Colucci, the new chief of the USCIS EB-5 Program Office, is optimistic and determined to grow the EB-5 office and employ several dozen additional economists and adjudicators to expedite the adjudication process. Notably, Regional Centers should keep a few notes in mind when filing their I-924 applications. Regional Centers should file a proper and comprehensive I-924 Application because it minimizes the chance of an RFE or NOID, thereby allowing for a quicker approval.
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I-924 Application
Top Five Issues in Analyzing I-924 Requests for Evidence
USCIS recently reported faster processing times of I-924 Applications for Regional Center Designation and the number of approved regional centers are currently at an all-time high, and both factors correlate to more I-924 Applications being submitted to and processed by USCIS than ever before. As a result, we have noticed certain trends that have developed demonstrating common issues that arise when submitting the I-924 Application for approval by USCIS. The following is an analysis of what we believe are the top five issues that arise, through the form of a Request for Evidence (RFE) sent back to the applicant from USCIS, when adjudicating the I-924 Application.
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USCIS Follow-up on the Conversation with Director Mayorkas Related to Tenant Occupancy
As we reported last week, on April 27, 2012, USCIS Director Mayorkas hosted a Conversation engagement with the EB-5 community on the tenant-occupancy economic model. During the call the Director…
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USCIS Seems to be Changing its Mind About Introducing Premium Processing for EB-5 Regional Center Applicants
During the EB-5 conversation with Director Mayorkas today, he indicated that the USCIS is reconsidering the promise they made almost a year ago to introduce Premium Processing for regional center…
Continue Reading USCIS Seems to be Changing its Mind About Introducing Premium Processing for EB-5 Regional Center Applicants