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New regs on the EB-5 immigrant visa

EB-5 immigrant investor program modernization


The USCIS Ombudsman issued a report in 2009 making a number of recommendations for the USCIS to improve its policies and processes relating to the EB-5 immigrant visa category.
The purpose of the recommendations is to stabilize and energize the program.
The Ombudsman recommended that the USCIS establish a regulatory and administrative environment to promote investor confidence that the program can be relied upon.
Some of the recommendations include finalizing regulations to implement the 2002 EB-5 legislation and the issuance of standard operating procedures for Form I-526 (Immigrant Petition by Alien Entrepreneur) and Form I-829 (Petition by Entrepreneur to Remove Conditions).