On August 28, the official website of U.S. Immigration released the latest data on EB-5 case filings and adjudications for the third quarter of fiscal year 2015 (April 1, 2015, to June 30, 2015). Worldway Group has compiled and analyzed the latest data as follows:
I-526 Immigrant Petition: As of the third quarter of 2015, there were 13,117 pending applications. USCIS significantly accelerated the processing speed of I-526 petitions in the third quarter, adjudicating a total of 3,125 applications. At this rate, it will take 12.6 months to clear the remaining backlog of I-526 applications.
I-829 Petition by Entrepreneur to Remove Conditions: As of the third quarter of 2015, there were 4,007 pending applications.
Reference for I-526 and I-829 Approval Rates from 2005 to 2015:
【Worldway Group Authoritative Interpretation】 The approval rates for I-526 and I-829 remained stable at a high level this quarter. However, as of the third quarter of 2015, there were 13,117 pending I-526 immigrant petitions. This indicates that the current visa retrogression and backlog remain severe. Furthermore, Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, announced that the EB-5 visa retrogression for China in fiscal year 2016 will gradually extend from 2 years to 2.5 years! This suggests that the waiting period will only continue to grow, and investors should act decisively and early. On one hand, investing early in projects protected by the grandfather clause that have also received USCIS exemplar approval can help avoid the impact of policy changes and price increases on projects and investment activities. On the other hand, one must race against time; filing a day earlier means being approved a day earlier, catching the last train before policy changes, and joining the U.S. immigrant visa green card queue a day earlier.
【Special Note】 For fast-track U.S. immigration, lock in Worldway Group's group-buying express green channel. Seize the final spots for high-quality projects that have already received USCIS exemplar approval and are protected by the grandfather clause (group-buying ends on September 30) — the DLJ Four Seasons Hotel Resort project (a project invested in by the DLJ multi-billion fund that has received I-526 exemplar approval) and the Pennsylvania Turnpike project (a government-backed repayment project that has received I-924 actual project exemplar approval). Please call 400-138-2929.
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