USCIS released an update about EB-5 visa Processing Report that reflects an average processing time for the Immigrant Investor Program Office as of August 31, 2014.
If you are not an US resident and want to invest money in the United States, you must apply for an EB-5 visa to obtain an immigrant investors visa. USCIS offers three different type of forms for EB-5 visa I-526, I-829 and I-924.
According to the USCIS update, average processing time required for EB-5 visas are:
- 13.8 months to process form I-526 (Immigrant Petition for Alien Entrepreneur);
- 7.2 months to process form I-829 (Petition by Entrepreneur to Remove Conditions) and
- 8.1 months to process form I-924 (Application for Regional Center Under the Immigrant Investor Pilot Program).
Path2usa has kept track of the EB-5 visa processing time over the years and found that it keeps on fluctuating for all forms. For example, filing I-924 for smaller regions may be processed faster than the average period. However, its difficult to predict with certainty about the actual processing time, as the processing time mentioned are all averages.
USCIS has increased the average processing time for I-526 form to 13 months. The increase in visa processing time has resulted in formulation of different investment structures for investors like the 80-20 capital release structure or the full capital release structure.
- 80-20 Capital Release Structure : 80% of the fund is transferred to the project operating account directly when an investor files a I-526 petition and rest 20% fund is held back in the escrow until the investor successfully obtains approval from USCIS.
- Full capital Release Structure : In this structure complete amount of fund is held back in the escrow until the investor obtains approval.
If you are filing an application for EB-5 visa, you must keep yourself updated with the average time for visa processing.
For more information on EB-5, you can visit https://www.path2usa.com/investment-based-green-card-eb-5 and for more information on the latest updates, you can visit https://egov.uscis.gov/cris/processTimesDisplayInit.do