New Regs on the EB-5 Immigrant Visa

source of funds

EB-5 immigrant investor program modernization

EB-5 Immigrant Visa

In 2009, the USCIS Ombudsman issued a comprehensive report with several crucial recommendations for the USCIS to significantly improve its policies and processes specifically for the EB-5 immigrant visa category, with the overarching goal of stabilizing and energizing the entire program to foster greater investor confidence. The Ombudsman strongly recommended that the USCIS should proactively establish a regulatory and administrative environment that promotes a reliable foundation for the program, which is essential for attracting and retaining foreign investment. Among the specific recommendations made by the Ombudsman were the finalization of regulations to effectively implement the 2002 EB-5 legislation and the creation of standardized operating procedures for both Form I-526 (Immigrant Petition by Alien Entrepreneur) and Form I-829 (Petition by Entrepreneur to Remove Conditions) to ensure consistency and predictability throughout the application process.

Immigrant Visa

Contact Form