What does I-526 approval mean?

What does I-526 approval mean?

1) I-526 petition, in which the investor proves that the investment funds were obtained legally and the regional center proves that the project meets the legal requirements under the EB-5 program.

How long does it take to approve I-526?

Form I-526 review (6 to 9 months): the current USCIS processing time is 5 months. But Regional Centers are reporting longer wait periods. Once the I-526 is approved, your funds are released from the Regional Center’s escrow account.

What happens after I-526 approved?

Once an investor’s I-526 petition is approved, conditional permanent residency can be attained in one of two ways: If the investor is living in the U.S., they will file Form I-485 for adjustment of status. Investors living abroad file Form DS-260 with a U.S. Consulate or U.S. Embassy.

Does I-526 approval expire?

Approval of Consular Process Upon approval at your consular processing appointment, you will receive an immigrant visa that is valid for six months. You must enter the United States before that six-month visa expires.

What is Form I-526 used for?

The I-526 petition is filed by foreign nationals who are investing in a commercial enterprise in the U.S. in order to obtain a green card in the Employment-Based Fifth preference category (EB-5).

How long does an EB-5 take to process?

The average processing time for the EB-5 visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing. You will, however, have to also wait for the United States Citizenship and Immigration Services (“USCIS”) and Department of State to schedule an interview.

Is EB-5 visa guaranteed?

Some regional centers have hold-back provisions such that 10-20% of investor EB-5 funding remain in escrow until all investors have been approved. Other regional centers provide a ‘guarantee’ that funds will be returned to investors in case of denial.

Do you get your EB-5 money back?

When was 526 built?

1997
Interstate 526/Constructed

How long does it take to get green card through eb5?

The government usually issues a permanent green card around 6 months after the I-829 has been submitted. The EB-5 Visa is also fast! The average processing time for the EB-5 Visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing.

Is there a premium processing for I-526?

At this time, premium processing service is not available for I-526 Petitions (this process allows USCIS to adjudicate certain petitions within 15 days for an extra fee).

How long does it take EB-5 to process 2021?

EB-5 visa processing time for I-526 Immigrant petition ranges between 29.5 and 61 months, as of September 2020, USCIS processing estimates. For investors present in the USA, I-485 Processing time of USA investment Green card application to Adjust Status is 7 to 29 months depending on the service center.

What is an EB-5 I-526 petition?

The I- 526 Immigrant Petition by Alien Entrepreneur is filed by the EB – 5 investor to demonstrate that they are in the process of investing, or have already invested the required amount of capital in a suitable EB – 5 project. I- 526 petitions are usually prepared on behalf of EB – 5 applicants by an immigration attorney.

When does Form I-526 expire for alien investor?

While USCIS considers this decision, we will accept petitions filed on the April 15, 2019, version of Form I-526, which is the only form that DHS updated as part of the vacated rule. Alert: Statutory authorization related to the EB-5 Immigrant Investor Regional Center Program expired at midnight on June 30, 2021.

Where do I find edition date of I-526?

You can find the edition date at the bottom of the page on the form and instructions. Dates are listed in mm/dd/yy format. File your completed Form I-526 at the USCIS Dallas Lockbox facility. Complete all sections of the form. We will reject the form if these fields are missing:

When does the new EB 5 rule go into effect?

Wolf, 20-cv-09263-JSC, vacated the EB-5 Immigrant Investor Program Modernization Final Rule (PDF). While USCIS considers this decision, we will apply the EB-5 regulations that were in effect before the rule was finalized on Nov. 21, 2019, including: