WorldWay Immigration latest comprehensive news: Recently, USCIS (U.S. Citizenship and Immigration Services) released the latest data on EB-5 case filings and approvals for the first quarter of fiscal year 2015 (October 1, 2014 to December 31, 2014) on its website. According to the latest quarterly data, the approval rates for both I-526 and I-829 are very high. Let us analyze them carefully:
1. The I-526 approval rate for this quarter is at a high of 92.55%. It has exceeded 90% for three consecutive quarters. It seems that the rise in the I-526 approval rate from around 80% previously to around 90% is no longer an isolated phenomenon.
2. The current number of I-526 applications, after breaking through 3,000 for two consecutive quarters, has returned to below 3,000 this quarter. The statistical data is basically consistent with the sentiment of industry peers: the EB-5 program began to heat up in the first half of 2014, was most popular in the summer, and began to slow down at the end of summer. However, although it returned to below 3,000 this quarter, the single-quarter application count of 2,941 is still very high. At the same time, the backlog of I-526 applications has hit a new high. To reiterate: if the EB-5 quota cannot be relaxed, and relaxed significantly, visa retrogression will be inevitable sooner or later.
3. The I-829 approval rate for this quarter is 100%. However, the I-829 approval data for this quarter is somewhat unusual, with a total of 69 applications approved in the quarter, which is only 10% of the previous quarter.
Now let us look at the data published by USCIS on its website:
I-526 Approval Data
I-829 Approval Data
According to USCIS data, in order to better eliminate the impact of single-quarter data fluctuations, the following is a new set of statistics, which calculates the 2013 calendar year, 2014 calendar year, and the total for these two years, averaging the I-526 and I-829 approval data across these three time scales for observation.
I-526 Statistical Data
I-829 Statistical Data
In addition, according to the latest EB-5 processing times released by USCIS, as shown in the table below, the official average processing time for I-526 currently announced by the immigration bureau is approximately 14 months.
WorldWay Immigration experts remind: According to the latest official data from USCIS, as of now, there are approximately 12,500 cases in the backlog, and the processing times for both I-526 and I-829 have been extended. Industry authorities predict: EB-5 retrogression and price increases are likely to occur in 2015, and the retrogression will become increasingly long. In the urgent situation where the retrogression alarm is approaching, it is recommended that investors plan their immigration sooner rather than later. In particular, projects that have already been approved by the immigration bureau are rare in the current EB-5 market.
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The New York Liberty Garden luxury apartment project, by virtue of its I-924 pre-approval from USCIS, stands out among numerous real estate EB-5 projects and has become an unmissable choice for dealing with the 2015 U.S. investment immigration retrogression. Furthermore, the New York Liberty Garden luxury apartment project also has a high net asset guarantee of 14.5 times, and the developer, Lightstone Group, is one of the largest and most successful unlisted integrated real estate developers in the United States, with the developer's founder providing an 11.7-fold personal asset guarantee.
The Pennsylvania highway project has already received I-924 approval from USCIS, and the project is funded by state government loans with a state government repayment commitment, making it a 100% U.S. government EB-5 project. The first phase of the Pennsylvania highway project was sold out in just two months. Currently, the second phase of the Pennsylvania highway project has seen an even more enthusiastic buying frenzy than the first. Consultation hotline: 400-138-2929.
