News
EB-5 and the Travel Ban
The Supreme Court today partially lifted the lower Court’s injunction of the Trump Muslim travel ban for people from Iran, Syria, Libya, Somalia, Sudan, and Yemen. The Court will allow the government to ban people from the 6 countries for 90 days unless they have a bona fide relationship with a...
The June 15, 2017 draft EB-5 policy contains a significant change. It says that once the investor files the I-829, they no longer need to maintain the investment beyond the two years of conditional permanent resident status, assuming of course that the needed 10 jobs were created. The investor need...
Today, the United States Citizenship and Immigration Services ("USCIS") issued a new draft policy manual which substantially changes their rules. USCIS now says no new I-526 will be required when the EB-5 capital is redeployed, provided that: 1) the first investment creates the needed jobs; 2) the new commercial enterprise (“NCE”) redeploys...
New I-829 Form Removal of Conditional Status
USCIS has issued a new form I-829 to apply for removal of conditions on permanent residence status. It asks more questions regarding the NCE and JCE than the old form. It also requests the person who translated the form to the applicant, if any, to sign it and provide contact...
New EB-5 I-526 Form
New EB-5 I-526 Form USCIS has issued a new 13-page I-526 form that replaces the old 3-page form. It asks for the applicant’s physical addresses for the past five years, employment history for the past five years, details on the TEA, information about the investment, names of all other investors, etc....