USCIS began implementing this change by providing a 48-month automatic extension on Notices of Action mailed to applicants beginning on January 11, 2023, for Form I-829 applicants, and on January 25, 2023, for Form I-751 applicants.
In this video, attorney Jacob Sapochnick tells you everything you need to know about the EB-5 Immigrant Investor Program in the year 2023. While there have been recent Congressional changes to the program, it is still an option for those who wish to obtain their green card through a qualifying investment.
If you would like to know more about the EB-5 Immigrant Investor Program, please keep on watching!
Did You Know? The EB-5 Immigrant Investor Program was first created by Congress in the year 1990 to stimulate the United States economy through job creation and capital investment by foreign investors. In return for their qualifying investment, investors receive conditional permanent residence in the United States, and are required to remove their conditions on permanent residence by filing Form I-829 within 90 days of their conditional green card’s expiration.
In 1992, Congress extended the program to allow for Regional Center investment, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth.
EB-5 Investment Visa: The Ultimate Guide in 2023
What is the EB-5 investor visa?
The EB-5 investor visa allows qualifying investors (and their spouse and unmarried children under age 21) to receive conditional permanent resident status (a 2-year green card).
One of the ways in which foreign investors may qualify for the EB-5 classification is by investing through regional centers designated by USCIS based on proposals for promoting economic growth.
When investing in regional centers, investors will choose a project offered by the regional center in which they wish to invest. Typically, the projects offered for investment are real estate development projects. For regional center investment, the investor does not need to invest in a project in his or her state of residence. The investment can occur anywhere in the United States.
Additionally, regional center investment allows investors to passively invest in the project, without having to direct or manage it themselves. Regional center investment is the most common way to qualify for the EB-5 visa. In fact, 95 percent of all EB-5 investors file their cases through Regional Center investment.
Another way to qualify is by investing directly in a new commercial enterprise that you intend to direct and operate. In this case you will be managing the project yourself. Only 5 percent of EB-5 investors opt for investment in a new commercial enterprise, because it is more risky.
On March 15, 2022, President Biden signed the EB-5 Reform and Integrity Act as part of the Consolidated Appropriations Act, 2022 (Public Law 117-103), which created new requirements for the EB-5 immigrant visa category and the Regional Center Program. EB-5 immigrant visas are currently authorized under the Regional Center Program through September 30, 2027.
In this video attorney Jacob Sapochnick discusses how Google layoffs are impacting foreign workers in the United States going through the employment-based green card process known as PERM. Layoffs in Silicon Valley have been more and more common, with major tech companies like Amazon, Facebook, and Twitter abruptly ending thousands of jobs, leaving workers scrambling for alternatives.
Specifically, what happens when a foreign worker is going through the employment-based green card process with their U.S. employer and subsequently gets laid off?
In this video we discuss the different scenarios that may apply and go over the different options for laid off workers going through the green card process.
If you want to know more just keep on watching.
Did you know?PERM Labor Certification is the process used for obtaining Labor Certification and is the first step for certain foreign nationals in obtaining an employment-based immigrant visa (Green Card). The employment-based preference categories that require PERM Labor Certification are EB-2 (other than a National Interest Waiver) and EB-3. Before a U.S. employer can file the I-140 Immigrant Petition for Alien Worker with USCIS, the employer must first obtain an approved Labor Certification from the Department of Labor (DOL).
What are the immigration options for those whose employment has been terminated?
Unfortunately, the uncertain economic climate has led to the loss of thousands of jobs, negatively impacting foreign workers. In particular H-1B workers have been some of the most affected.
Below we discuss some of the options that may be available to nonimmigrant workers who have been terminated and wish to remain in the United States following their termination. Additionally, we discuss how some workers can preserve their I-140 petition’s priority date or even their green card process depending on the stage of employment termination.
Welcome back to the Immigration Lawyer Blog, where we discuss all things immigration. In this video, attorney Jacob Sapochnick discusses the long processing times to adjudicate applications and petitions filed with the United States Citizenship and Immigration Services (USCIS). The backlog of cases has been especially significant for certain types of applications and petitions where demand is greatest, such as I-539 applications to extend/change nonimmigrant status, I-360 petitions for Amerasians, Widow(er), or Special Immigrants, I-765 Applications for Employment Authorization, I-751 Removal of Conditions applications, and many others. According to previous data, in 2014 an average green card case took about 5 months to be processed by USCIS, while in 2020 it has taken over 10 months to process the same type of application.
The reason behind these high processing times leads back to the crippling effects caused by COVID-19. Since the outbreak of the Coronavirus pandemic, USCIS has been experiencing a financial crisis as more and more people have found it difficult to afford paying costly fees for their immigration processes. To make matters worse, USCIS has also been experiencing a shortage in personnel and resources, making it difficult for the agency to efficiently adjudicate immigration benefits.
Many of these limitations have been caused by conditions in various states around the country, as well as local government mandates. States with high rates of coronavirus for example have been especially hard hit, making it difficult for USCIS to continue to operate at previous levels. The Biden administration has taken steps to try to improve conditions and reduce the backlogs by reinstating deferential immigration policies mandating immigration officers to defer to prior approvals where immigration benefits involve the same parties and facts. The agency has also lengthened the status of removal of conditions applicants from 18 to 24 months while their applications remain pending with the USCIS and implemented flexibility policies to respond to requests for evidence. Despite these changes there is much more that needs to be done.
Want to know more about these important updates? Just keep on watching.
Massive Delays at USCIS Reach Crisis Levels
According to USCIS data, from fiscal year 2017 to fiscal year 2021, processing times for all I-539 applications to change or extend status rose from about 2.8 months in 2017 to 9.8 months in 2021 (an increase of more than 250%)
In the same period, processing times for family-based adjustment of status (I-485) applications rose from 7.9 months in fiscal year 2017 to 13.2 months in fiscal year 2021 (an increase of more than 67%)
Also during the same period, processing times for naturalization applications (N-400) increased from 7.9 months in 2017 to 11.6 months in fiscal year 2021 (an increase of nearly 47%)
Welcome back to the Immigration Lawyer Blog, where we discuss all things immigration. In this video, attorney Jacob Sapochnick shares a recent update from USCIS regarding a new policy that will extend evidence of status for green card holders who are applying to remove the conditions on their green card with the filing of either Form I-751 Petition to Remove Conditions on Residence or Form I-829 Petition by Investor to Remove Conditions on Permanent Resident Status. Jacob also provides some cautionary information for conditional permanent residents who have divorced and are returning to the U.S. after temporary foreign travel, as well as added scrutiny for those applying for naturalization who initially gained their green card through marriage to a U.S. Citizen.
Keep on watching to find out more.
2 Year Extension of Status for Conditional Permanent Residents with Pending Form I-751 or Form I-829
USCIS has recently shared important information for conditional permanent residents who have been issued a two-year green card by USCIS and are now seeking to remove the conditions on their residence. Starting September 4, 2021, USCIS is extending the time that receipt notices can be used to show evidence of lawful status from 18 months to 24 months for those who have properly filed Form I-751 Petition to Remove Conditions on Residence or Form I-829 Petition by Investor to Remove Conditions on Permanent Resident Status.
Previously, after filing Form I-751 or Form I-829, USCIS was issuing receipt notices which included an automatic 18-month extension of lawful status, allowing applicants to lawfully remain in the United States 18-months past the expiration of their green cards while their applications were under review with the agency. These extensions were issued for 18-months because that was the estimated processing time for removal of conditions applications prior to the COVID-19 outbreak.
USCIS will now be issuing 24-month extensions to reflect the current processing times more accurately for these applications, which has increased during the COVID-19 pandemic.