USCIS has issued policy guidance related to an EB-5 modernization rule on immigrant investors that a federal court set aside on June 22, 2021.
The most prominent highlights in the guidance are as follows:
- The policy guidance removes vacated regulations within the EB-5 Modernization Rule.
- Modifies the process for designating targeted employment areas and investment amounts.
- Adds that if a visa is immediately available, an applicant can file an Application to Register Permanent Residence or Adjust Status aka Form I-485 concomitantly with or after an Immigrant Petition by Standalone Investor (Form I-526) or an Immigrant Petition by Regional Center Investor (Form I-526E).
- Changes the name of Form I-526 throughout Volumes 7 and 8, and the current name becomes Immigrant Petition by Stand Alone Investor. The former name was Immigrant Petition by Alien Entrepreneur. The policy guidance also adds references to Form I-526E, Immigrant Petition by a Regional Center Investor.
We will keep on posting regarding the details.
Onal Gallant & Partners PC is a law office specializing in Real Estate Law, Intellectual Property, Corporate and Business Law, Immigration Law, and the US Visa Processes. We deliver reliable advice on a large variety of subjects ranging from forming a corporation and buying a house in the US to trademark registration and Green Card applications (e.g., EB3 Visa or DV Lottery). With exceptional knowledge and insight into immigration law, our experienced lawyers at Onal Gallant and Partners are ready to help and respond to all of your inquiries.
www.ogplawfirm.com, Facebook, Twitter, Quora, LinkedIn and Medium accounts, Youtube Channel, and our blogs in Turkish and English can be followed to get updated information and news about these topics.