The U.S. Citizenship and Immigration Services (USCIS) website has just updated the data on EB-5 filings and approvals for the first quarter of fiscal year 2017 (October 1 to December 31, 2016). It can be said that this data brings "both surprises and hidden concerns" for EB-5 investors. Why is this the case? Worldway Immigration is now releasing and interpreting this data as follows:
I-526 Approval Data
I-829 Approval Data
Overview of EB-5 related data from 1991 to 2016:
Trend chart of I-526 approval rates in recent years
Trend chart of I-829 approval rates in recent years
【Worldway Immigration Group Interpretation】
According to the data released above: the volume of I-526 filings and the approval rate of I-526 applications for the first quarter of fiscal year 2017 both remained at high levels.
On one hand, the number of filings remains high, indicating that EB-5 investment immigration is still very popular among investors, especially with the expectation of policy changes and price increases, as a large number of investors choose to complete their investments before the price hike. At the same time, the I-526 approval rate has increased significantly, reaching 93.41%. To a certain extent, this shows that various agencies have become relatively proficient in dealing with the U.S. Citizenship and Immigration Services, leading to an increased success rate.
On the other hand, it is worth noting that the I-829 approval rate has seen a relatively large decline, with an approval rate of only 84.82%. It should be noted that the ultimate goal of investors is not the two-year temporary conditional green card, but the unconditional permanent green card. Therefore, while I-526 approval is certainly important, investors should also pay attention to I-829 approval, job creation, and other situations. Only by successfully passing the I-829 application can investors obtain a permanent green card.
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