Recently, the latest FY2014 U.S. EB-5 approval data was released. What trends in U.S. investment immigration can we discern from this data? To provide a more comprehensive and in-depth look at the truth behind the numbers, Worldway Immigration Group has compiled all statistical data from the program's inception in 1991 to 2014. Through a comparative analysis of this data, what new changes in EB-5 investment immigration can we identify? In particular, looking at the approval data for the third and fourth quarters of FY2014, what are the latest developments in current EB-5 investment immigration? Worldway Immigration Group will provide you with an in-depth interpretation.
I-526 Application Trend Chart
I-526 Approval Rate
I-829 Application Approval Data
I-829 Application Trend Chart
I-829 Approval Rate
Worldway Immigration Expert Interpretation: As can be seen from the above data comparison, from 1991 to 2014, the number of applicants for the U.S. Citizenship and Immigration Services EB-5 program has generally shown a sharp, linear upward trend. Especially in recent years, the I-526 approval rate has remained at approximately 80%, and the I-829 approval rate has remained at approximately 90%, with approval rates significantly improved.
Worldway Immigration Expert Interpretation: According to data from the official U.S. Citizenship and Immigration Services website: In the full FY2014, there were 10,928 I-526 applications received, 5,115 approved, 1,266 denied, with an 80% approval rate and 12,453 cases pending review. There were 2,516 I-829 applications received, 1,603 approved, 178 denied, 2,075 cases pending review, and a 90% approval rate.
Compared to last year, the I-526 and I-829 approval rates have remained basically flat and maintained a high level, which indicates that the U.S. Citizenship and Immigration Services' adjudication and approval process has not been affected by various external factors. At the same time, the full-year I-526 approval rate reached 80%, while the I-829 approval rate was as high as 90%, which shows that the trend of U.S. Citizenship and Immigration Services' approvals is to "strictly review I-526, and relax I-829", so clients should have more confidence in transitioning to a permanent green card.
It is worth mentioning that, judging from the data for the fourth quarter (July 1, 2014 to September 30, 2014), the I-526 approval rate reached an astonishing 93.78%, which is quite impressive compared to the same period in previous years; the I-829 approval rate also reached over 93%, which is quite pleasing to the vast number of investors.
According to this official data report from the U.S. Citizenship and Immigration Services, it is not difficult for investors to find that: in the third and fourth quarters of FY2014, the number of I-526 applications exceeded 3,000 for consecutive quarters, and the total number of applications for FY2014 has exceeded 10,900, with a backlog of over 12,000, and the visa retrogression alarm is growing louder.
Worldway Immigration Expert Advice: Investors should prepare early, sign contracts early, and submit files early. Prioritize choosing EB-5 projects that have already been approved by the U.S. Citizenship and Immigration Services, firmly grasp the priority position, and realize the dream of the whole family immigrating to the United States as soon as possible.
