Processing Time for EB5 Investor Program Post Expiry Extended by USCIS for 48 Months
On January 11 and 25, 2023 respectively, the USCIS granted a massive benefit to those who had filed Form I-829 or I-751 – they extended the validity of their permanent resident cards by up to 48 months beyond expiration. This long overdue change will go a long way towards making life easier for many green card holders in America!
What is the EB-5 Investor Program?
EB-5 immigrant investor program allows foreign investors, family members, parents or their children to become legal residents of the U.S. if they: A foreigner who wants to work with the government in the country must spend a minimum of $800k in targeted job areas or $1.0 million in another commercial company to qualify. The EB-5 Visa Program is a federal program which helps attract foreign investors and create jobs through their increase in domestic capital.
Extensions for Green Card Investors
In an effort to combat prolonged processing times for Form I-751 and Form I-829 filings, The U.S. Citizenship and Immigration Services has modified language on corresponding receipt notices. This change in protocol elicited a variety of reactions from members of the EB-5 community: some elated at improved wait time estimations while others remain weary over its potential implications.
USCIS announced they would be issuing new receipt notices to conditional green card with pending cases that have received shorter extensions. These updated receipts, along with an expired Green Card, will allow petitioners the ability to remain in a legal status while their case is being processed—authorizing them work and travel for up to four years after expiration!
Foreign investors attempting to secure I-829 status face an uphill battle, with countless twists and turns. For some the frustration is heightened in cases of job termination or when traveling abroad – a nightmare scenario for many!
EB-5 Green Card Processing Time
If you have a condition permanent resident status and plan to abroad outside the United States, it is essential that you apply for a reentry permit by filing immigrant petition Form I-141. This can easily be done by filing Form I-141 before leaving the United States – just make sure not to miss this step!
With 48 months of processing time for eb5 investor program, an EB-5 investor and their dependents can rest assured that they won’t need to make a trip to the local USCIS field office for any extensions. The I-829 petition will be adjudicated in plenty of time!
The US Citizenship and Immigration Services (USCIS) processing times for visas are constantly in flux due to the amount of applications that come through. Despite being established nearly three decades ago, it was not until 2017, 2018 & 2019 when the EB 5 Visa Green Card program saw a surge in popularity as more immigrants sought permanent resident status within America’s borders.
Country of Chargeability
Country of chargeability is an essential element of the immigration process. It is key to determining the visa category that a person qualifies for based on how long they have lived in a particular country or region. The country assigned to each case serves as a marker in determining when a person is eligible to apply for immigration, as well as which steps must be taken in order to successfully gain admission into the U.S.
Additionally, it can affect whether or not an individual might qualify for certain status-related benefits, such as indefinite stays or open work authorization rights. To ensure the most accurate answers and timely processing times, it is important to know the laws and regulations concerning the assignment of countries of chargeability for each immigration filing.
Processing time for united states citizenship will depend upon following factors;
- Filing the petition.
- Waiting for the priority date (determined by country) to be current.
- Adjustment of status/going through consular processing.
Great News for the Visa Applicants with Pending I-751 or I-829 Petitions
USCIS is granting extended validity to Permanent Resident Cards (Green Cards) of those who properly file their Form I-751 and I-829 petitions. This will allow cardholders an additional four years in the United States beyond the expiration date listed on their cards!
If you need any help regarding EB 5 visa investments, we are here to help you! We can assist you with the right financial investment guidance for permanent residency in U.S.