Thursday, May 24th, 2018

Bernard P. Wolfsdorf on EB-5 Program Updates

"On May 6, 2013 U.S. Citizenship and Immigration Services (USCIS) opened its new Washington, D.C. EB-5 Program Office, staffed by new GS-14 high-level economists.  These economists will adjudicate all EB-5 filings, starting with new I-924 applications to register Regional Centers.  The current Director of the Vermont Service Center, Mr. Daniel Renaud, has accepted the position of the Acting EB-5 Program Chief.  His Deputy, Mr. Robert Cox, will be Acting EB-5 Deputy Chief.

Presently, adjudications for new I-924 applications and I-526 petitions are taking approximately 18 months and 12 months, respectively.  Because the new EB-5 office will be primarily staffed by new hires, and because it is estimated that training an EB-5 adjudicator can take several months, we do not expect any significant improvement in adjudication times over the next few months of concurrent adjudications at both the California Service Center of USCIS  and the new