EB5 Visa Processing Time Required
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EB5 VISA PROCESSING TIME REQUIRED
Getting a Green Card and moving to the US has been a long-cherished dream for many. However, the long processing time by USCIS for the EB-5 applications, along with the possibility of retrogression (demand for Visa being more than supply) and consequent queue for the visas, has led to delay in fulfillment of the American Dream.
EB-5 PROCESSING TIMELINE
Now thanks to the expedited EB-5 projects, it is possible to overcome these hurdles and move to the US quickly.
WHAT IS AN EXPEDITED PROJECT?
It is possible for some developers to get their Project classified as “Expedited Project” which may lead to faster processing of the EB-5 application for all the investors in such a project. While there are no set benchmarks, the USCIS(United States Citizenship and Immigration Services) may grant such expedited approval to certain projects which are deemed to be of compelling Government Interest. Getting an Expedited approval for the project is very rare as USCIS applies very stringent criteria which include:
Impacts on vulnerable groups like senior citizens or disadvantaged population
Located in areas with significantly higher unemployment compared to TEA standards
Offer significant socio-economic benefits
Projects which fulfil humanitarian needs
Projects required in situation of Emergency
Department of Defense, or national interest situation
HOW CAN AN EXPEDITED PROJECT HELP YOU MOVE QUICKLY TO THE US?
The Current published USCIS estimated time range for adjudication of an I-526 application is 37-73.5 months. processing times (The actual processing time based on the data from EB-5 Attorneys and Regional Centers is about 2 to 3 years). Investors in an expedited I-526 approval project can, on average, expect a decision on their I-526 petition in 3-6 months, compared to the 2 to 3 years (or more) wait under the normal process.
In addition to faster processing, other benefits of expedited approval may include:
Timely Return of invested Funds due to faster processing
Lower project risk due to more stringent assessments compared to other projects
Lower risk of children aging out and not qualifying for EB-5 visa
about acquest advisors
Acquest Advisors is an immigration advisory firm specializing in Business Immigration and Residency and Citizenship by Investment programs offered by Governments of American & European countries. The Firm provides tailor-made Immigration solutions to HNIs, Business owners, and start-up entrepreneurs after intensive discussions and a deep understanding of their circumstances and needs.