πŸ€‘ EB-5 Updates and Immigrant Investor Program News | FirstPathway Partners

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The most recent USCIS data seems to deliver on the words of IPO Chief Sarah Kendall, who said in March β€œWith a lot of the infrastructure development now.


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Latest EB-5 News and Blog Posts July 1, - The extension of flexibility to agency requests, first announced by USCIS on March 30, , has been.


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Invest In the USA (IIUSA) official blog featuring EB-5 industry news & analyses! year (FY) , including the latest data for Form I, Form I, Form I


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Latest EB-5 news: The EB-5 visa bulletin for June has been released by the U.S. Department of State β€” Bureau of Consular Affairs.


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EB5 Visa 2020 Update

USCIS faces a reckoning from having operated on the Ponzi principle: depending on incoming fee revenue from new petitioners to pay for adjudicating a large backlog of forms whose fees were already spent without performance. I have another post in progress to discuss visa availability and the movement of the EB-5 visa queue for China specifically, in light of recent developments. China was expected to have over 5, EB-5 visas in FY, but in fact just over 1, visas were issued in Guangzhou before interviews stopped in February. I have a separate post coming on this topic, to explain the minimum and maximum benefit to EB-5 from unused FB visas in FY, and the potential impact on EB-5 wait times. Oppenheim said in the webinar that the July visa bulletin makes about Chinese eligible for final action through adjustment of status, and about 3, Chinese eligible through consular processing. Perspective A and B are both limited by lack of data for a major population segement. Both factors are complicated and can be tough to pin down. So according to USCIS data, the EB-5 queue of investors as of April equals about 17, I pending plus 24, approved I still waiting for visa availability plus an unknown number of approved I now eligible for final action. But the new data is tantalizing, because it overlaps with the major unknown from Perspective A. Oppenheim spoke for 45 minutes and answered many questions in detail. This will happen because unused family-based visas from one year roll over into employment-based categories the next year. He said that overall, over half of people eligible to become documentarily qualified and pay fees have not done so. Oppenheim did foresee well over Indians ready to claim a visa by September, then India would not be current for final action in the visa bulletin. Based on the information Mr. Oppenheim made the statements strongly and repeatedly. When I processing times extend to four to eight years, the typical proposed project will no longer even exist by the time USCIS gets around to reviewing the application. As adjusted by the addition of family members, of course. But Mr. I wrote the article to give clarity and well-researched ammunition to people who may be discouraged and blocked by the USCIS processing times report, but should not be. Oppenheim did not mention how many visas have been issued to Vietnam so far in FY That means responding promptly when notified by NVC to assemble and submit documents. But I credit Mr. The productivity in FY Q2 is still three times lower than it was in with the same staff, so still not a recovery. Oppenheim provided, it appears likely that China will lose EB-5 visa numbers this year. June 17, 34 Comments. The following screen shots show reports as of October and April The new USCIS report gives data for the segment of people with approved I plus still waiting for visa availability. But he does not think Guangzhou could handle that many visa interviews this year even if it reopened tomorrow. On the other hand, Mr. Oppenheim provided updated information about the NVC backlog that does not clearly reflect many people advancing from I to the visa stage. It turns out, measures to discourage immigration can result in falling revenue from immigrant fees. The following chart compares the number of cases at the National Visa Center between October 1, and June 1, Oppenheim credited this increase to IPO productivity. With 11, EB-5 visas authorized for this year, that could mean over 6, EB-5 visas would have to be issued in the next four months to maximize the FY visa limit. Department of State has been discussing when and how consulates can get back to full operations, but there are no decisions or forecasts at this point. I look forward to these quarterly reports on the USCIS Immigration and Citizenship Data page because they provide information about EB-5 demand trends receipts , processing trends number of approvals and denials , and backlog trends number of pending petitions. Oppenheim calculates from two of the four variables in this picture. The wait time for an EB-5 visa depends on the number of people in line, and the rate at which the line moves. That all sounds promising. The following image illustrates three ways subdivide the EB-5 queue, when trying to calculate it. And consulate closures mean that many family-based visa numbers are going unused this year. The queue size question is complicated by spotty data and multiple stages. He clarified that USCIS and IPO report to him monthly on processing status, including how many petitions they have at various stages of processing, and how many they are working on. Here are a few highlights from Mr. Oppenheim clarified that absent change to U. Oppenheim made India current for final action in the July visa bulletin, and expects India to remain current through the end of the fiscal year. Filed under EB-5 Statistics. June 2, 5 Comments. Department of State. So far I can only offer this service for I, because I have quite a bit of I data available. I am heartened to see that at least in , IPO did not use plummeting fees as an excuse to reduce productivity. His wait time estimates count pending I and pending applicants at the National Visa Center, and disregard the population segments for which he lacks data: people with approved I but no visa application yet, and people with pending I Historically, I numbers have been indeed been very small though Indians might change that going forward. On the bright side, EB-5 visa number loss in FY is likely to be at least offset and possibly far exceeded by gain in numbers in FY EB-5 gets 7. I hope that I processing will become more transparent in the future. In fact, preliminary data for February shows a step in the right direction. Why, IPO, do you persistently refuse to provide such reports to the public, even as you claim to stand for integrity? If Mr. The processing times report does not claim to report future wait times, average recent wait times, or the age of the inventory.{/INSERTKEYS}{/PARAGRAPH} I tend to favor Perspective C, which makes queue calculations simply from I filing data, to avoid unknowns about where people currently fall in the process. Since the number of leftover visas in FY is likely to be very large, and Chinese have the oldest priority dates, FY should be a good year for China EB Oppenheim spoke extensively about the thinking behind visa bulletin movement, and surprised me by indicating that he does not expect EB-5 retrogression. The EB-5 queue normally moves at a rate of about 10, applicants per year, with about per country, but this can vary. The total queue for EB-5 conditional residence includes two other segments: people with pending I, and people with approved I plus visa availability. This perspective has come into focus because USCIS just started to publish data for a key variable: number of approved I waiting for visa availability. I also included charts of recent processing times reports for reference and comparison. The more people are ready to claim a visa, the better chance of maximizing visa number usage this year. The population of people between I and visa application might be significant, particularly for China. The article examines the disconnect between the content and application of the report, and goes in-depth on the following questions:. My timing consultation service remains available to people who want the numbers explained and interpreted as applied to their specific circumstances. Oppenheim acknowledged the remote possibility that all countries could become current for EB-5 final action in the visa bulletin in FY, for a period of time. If IPO were doing its job to adjudicate petitions, we should see more visa applicants. For the rest of the world, incoming visa applicants have not been sufficient even to counterbalance the few EB-5 visas issued this year. Significant room for improvement in this area. June 23, 8 Comments. Denial rates remain comparatively high for Form I, but lower than in Form I denial rates remain astronomical β€” but no surprise, considering that most Form I just request pre-approval for proposed investment projects. For example, And yet some people β€” including IPO, if I inquire β€” will blindly treat Meanwhile, Or take the appalling How many regional centers have been discouraged by that report from even trying to file Form I, despite the importance of that form for project review and program integrity? {PARAGRAPH}{INSERTKEYS}June 30, 26 Comments. In , the coincidence of EB-5 receipt and adjudication numbers had me wondering whether IPO had decided to process only as many forms as justified by incoming fee revenue. Oppenheim did not have exact numbers available, but estimated that over 4, EB-5 visas have been issued in FY to date. And yet the report does not actually indicate that I filed now will wait a long time. I would not expect many I filings immediately after a deadline that nearly doubled the minimum investment amount. This could happen in the first half of FY, if consulates remain closed into the new fiscal year, if there were a sufficient number of status adjustment cases to justify the movement, and if the system had the capacity to accommodate the resulting demand. Well-informed IIUSA panelists followed up with another 45 minutes of interesting and helpful discussion about how they are adjusting to current conditions. Oppenheim conveyed mixed messages about IPO productivity. My article addresses this core conflict:. The charts below put FY Q2 data in context of previous reports. However, the increase could also be explained by the fact that the visa bulletin has moved to allow many more Chinese to file documents, even as the consulate has not been issuing visas. The population of people with I approval and no visa application on file yet unknown is a subset of the population of people with I approval and waiting for visa availability now reported. This post attempts to put the new information in context. Oppenheim said that there is still potential for FY numbers to be utilized if oversees posts open soon. Meanwhile, however, the National Visa Center remains operational. Meanwhile, the National Visa Center gives monthly updates on the number of applicants who have become qualified and could potentially be scheduled for interviews.