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USCIS Proposes Significant Enhancements to EB-5 Processing
US Citizenship and Immigration Services (USCIS) proposed significant enhancements to the EB5 Program or USCIS Immigrant Investor Program. It will transform the intake and review process for foreign entrepreneurs as part of US President Obama’s commitment to improve the legal immigration system while meeting the economic and security needs of the USA.
Three fundamental changes have been proposed:
- Accelerate the processing of applications for job-creating projects that are fully developed and ready to be implemented. Applicants may opt to request “Premium Processing Service” which guarantees 15-day processing for an additional fee.
2. Creation of new specialized intake teams who are experts in economic analysis and the EB5 requirements. Applicants will be able to communication with the said team via email to discuss issues and address their concerns.
3. Convene and expert Decision Board” to deliver decisions regarding EB5 applications. The board will be composed of an economist, adjudicators and a support legal counsel.
This proposal will be online until June 17, 2011 – open for public comment giving stakeholders the opportunity to provide their feedback.
Source: USCIS Website