The EB-5 immigrant investor program has been under the microscope due to a surge in demand and controversy, including an incident involving the family business of President Trump’s son-in-law.
Still, the EB-5 green card program offers you a relatively quick path to permanent residence in the U.S. Individuals from China face a longer wait due to demand for EB-5 visas outstripping supply. And this immigrant investor program remains in place until at least Sept. 30, the end of the federal fiscal year, when it’s set to expire unless Congress reauthorizes it.
The EB-5 immigrant investor program consists of two investment options: One requires investors to actively manage the company in which they put their money and the other, called the regional center program, allows investors to assume a passive role.
Shorter EB-5 Processing Times?
U.S. Citizenship and Immigration Services (USCIS) is currently working to reduce processing times for EB-5 petitions, which have become longer as demand for them increases. Here’s where things stand:
- USCIS currently takes about 21 months to process an EB-5 petitions from all applicants except those from China.
- Starting in 2018, individuals born in China may wait four years for an EB-5 green card. Currently, Chinese nationals face a three-year wait.
- USCIS launched a pilot program in which a team of economists and adjudicators are working together to evaluate and decide final permanent residence applications for EB-5 green card holders.
Tips for Quicker EB-5 Processing
USCIS offers EB-5 tips that may you get through the process quickly, such as:
- Requesting expedited processing.
- Providing evidence and explanations that reconcile inconsistencies in documents.
- Making sure all foreign language documents submitted with forms are completely translated into English.
- Alerting USCIS as soon as possible of a mailing address change.
The Alcorn Immigration team is monitoring changes to the EB-5 immigrant investor program. We can help you maneuver the complexities of obtaining EB-5 status or figure out other immigration options. Contact us.