On May 23, 2017, U.S. local time, USCIS updated the average case approval progress for EB-5 as of March 31, 2017. The WorldWay Immigration Group now releases and interprets the latest EB-5 case progress for March 2017 as follows:
Screenshot of EB-5 Case Progress for March 2017
From the above image, it can be seen that the average case approval progress for EB-5 in March 2017 is as follows:
● I-526 applications, average case approval cut-off date is September 20, 2015
● I-829 applications, average case approval cut-off date is October 12, 2014
● I-924 applications, average case approval cut-off date is September 16, 2015
Screenshot of EB-5 Case Progress for February 2017
From the above image, it can be seen that the average case approval progress for EB-5 in February 2017 is as follows:
● I-526 applications, average case approval cut-off date is September 9, 2015
● I-829 applications, average case approval cut-off date is October 1, 2014
● I-924 applications, average case approval cut-off date is August 15, 2015
Comparing the two, it can be seen that the approval progress in March compared to February:
I-526 moved forward 11 days, from September 9, 2015, to September 20, 2015;
I-829 moved forward 11 days, from October 1, 2014, to October 12, 2014;
I-924 moved forward one month, from August 15, 2015, to September 16, 2015.
Based on the average case approval progress for March, it can be estimated that:
● I-526 average approval time is approximately 18 months
● I-829 average approval time is approximately 29 months
● I-924 average approval time is approximately 18 months
Here, the WorldWay Immigration Group reminds investors as always: due to the specific circumstances of individual applications, the above approval times are average times, and generally speaking, exceeding this progress is also normal.
The following is the average case approval timeline for the past year:
From the above image, it can be seen that the average time for EB-5 cases in the past year has generally shown an upward trend. Although the current waiting period remains severe, a new proposal to address the waiting period has been released. If it can indeed change 10,000 applications to 10,000 families, then the pain of the waiting period that troubles investors is expected to be completely resolved. In addition, there is another surprising piece of news: if investors can indeed submit their I-829 within two years, it also means that the time for investors to obtain permanent green cards is expected to be shortened.
In summary, with Trump's significant tax cuts in 2017, the EB-5 program has been extended, and the new proposal to address the EB-5 waiting period has emerged, indicating that it is a favorable time to invest in the United States. At the same time, there are still warnings about potential changes and price increases in the EB-5 program. If you do not want to increase your EB-5 investment amount by more than 2.5 million RMB after September 30, the fastest way is to act quickly and seize good projects with "dual approvals".
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