Adjudication Trends After the EB-5 Policy Memorandum

Adjudication Trends After the EB-5 Policy Memorandum

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Release Date5/15/14
Length4 pages
AILA's newest entry in the Inside Immigration series, details the changes in adjudications of Form I-924 applications for EB-5 regional centers since June 2013.

Author Ignacio A. Donoso describes how well-meant documentation requirements resulted in slow processing times and lost investment opportunities, particularly if an amendment to a project's I-924 application was needed. On May 30, 2013, however, USCIS issued a new EB-5 policy memorandum on Form I-924 adjudications that has reduced the level of detail required, clearly defined the three types of projects that can be described in a Form I-924 application, and cut the red tape that was leaving would-be investors uncertain and hindering the growth of EB-5 investments. Adoption of the policy memorandum has meant that the EB-5 regional center program now functions more smoothly and predictably.

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Ignacio A. Donoso manages an EB-5 practice that has advised more than 25 EB-5 developers on the formation of new regional centers and design of new projects. He has also successfully advised several hundred EB-5 individual investors in I-526 petition and I-829 petition processes. Mr. Ignacio is recognized as a board-certified specialist in immigration and nationality law by the California Board of Legal Specialization. In 2013, he joined the AILA EB-5 Liaison Committee.

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