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The U.S. Immigration Department has Proposed Significant Updates to EB-5 Visa Processing
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| Guest post by: Carl Moore |
Article Overview: The U.S. Citizenship and Immigration Services made public a proposal to modify the existing protocol on how EB-5 Regional Center applications are processed and reviewed. USCIS is proposing three fundamental changes to the way it processes EB-5 Regional Center filings.
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The U.S. Immigration Department has Proposed Significant Updates to EB-5 Visa Processing
This proposal has been reviewed and is summarized below.
* First, USCIS proposes to accelerate its processing of applications for job-creating projects that are fully developed and ready to be implemented. USCIS will also give these EB-5 applicants and petitioners the option to request Premium Processing Service, which guarantees processing within 15 calendar days for an additional fee.
* Second, USCIS proposes the creation of new specialized intake teams with expertise in economic analysis and the EB-5 Program requirements. EB-5 Regional Center applicants will be able to communicate directly with the specialized intake teams via e-mail to streamline the resolution of issues and quickly address questions or needs related to their applications.
* Third, USCIS proposes to convene an expert Decision Board to render decisions regarding EB-5 Regional Center applications. The Decision Board will be composed of an economist and adjudicators and will be supported by legal counsel.
Regional Center Immigration believes that action is important to prevent the significant delays that are currently plaguing adjudication. Mr. Silver commends USCIS for realizing that even moderate delays in the adjudication process for some of these Regional Center projects can cause serious financial stain to those projects.
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About the Author: Carl Moore RSS for Carl's articles - Visit Carl's website CFO Capital Partners is a group of seasoned business professionals that have come together to offer a variety of services suited to fit the needs of those seeking Corporate and Real Estate Capital. We act as Independent Business Transaction Intermediary serving both Buyers and Sellers, also specializing in the Mergers & Acquisitions of businesses in the mid-market arena, nationally and internationally. Business Transfers, Selling of Businesses, acting as Finders - all fall within our province. We also work with Cooperating Intermediary and Investment Bankers nationwide as well as in Latin America, Europe and Asia. Carl Moore/ Managing Director "We Bring Experience to the Meeting" CFO Capital Partners 437 FoxTract Rd., 1st Floor Bridgeport, NY 13030 O: 315.633.9081 * Efax: 775.248.6603 Carl@CFOCapitalPartners.com * www.CFOCapitalPartners.com Loan Programs for downloads Go To: http://www.cfocapitalpartners.com/ProjectFinancingPrograms.html Click here to visit Carl's website Developers Changing The Old Business Models Joint Venture Equity Reasons To Try Federally Backed Instruments HUD adds another $1B to Stabilize HardHit Neighborhoods bringing the total to $7B OutofWork Architects Turn to Stalled Projects |
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