Adjudication Trends After the EB-5 Policy Memorandum
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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