CSC Updates EB-5 Processing Times

The USCIS California Service Center (CSC), which processes EB-5 Immigrant Investor Petitions, has released processing times:

I-526 EB-5 petitions filed in March 2013 are currently being adjudicated.

I-829 Petitions to Remove Conditions on Residency for EB-5 investors filed in February 2013 are currently being adjudicated.

I-924 Applications for Regional Center Designation under the Immigrant Investor Pilot Program filed in January 2013 are currently being adjudicated.

Applicants for Permanent Residence under the Immigrant Investor (EB-5) Program must file their EB-5 petition on Form I-526. If approved, these applicants may apply for permanent residence and are issued a 2-year Conditional Resident Card. Three months before the expiration of their Conditional Resident Card, they must file a Petition to Remove the Conditions on their Residence on Form I-829. If the I-829 is approved, they receive a 10-year, renewable permanent resident card and may later apply for citizenship in the United States if desired.

Investment Projects seeking to receive designation as a regional center must file an Application for this designation on Form I-924 and subsequently file Form I-924A by December 29th of each year in order to report their investor data and project status.



tagged Immigrant Investor EB-5 Prorgam, regional center, permanent resident, Employment Based Immigration, million dollar investor, investor, EB-5

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