Quarterly Update from USCIS

Today 10/14 the USCIS Office of Public Engagement hosted its quarterly EB-5 Immigrant Investor Program Stakeholder Meeting by teleconference. Please consult the meeting presentation prepared by USCIS for the event, which includes useful updates and information about the EB-5 program, including the following statistics:

Regional Center Statistics

  • There are currently 114 approved Regional Centers (RCs), operating in 34 states, inclusive of the District of Columbia and Guam.
  • There are approximately 83 initial designation RC Proposals and 11 RC Proposals that request amendments to previously approved designation proposals pending with USCIS.
  • The “target processing time” for RC designation proposals is four months while the current processing time is five months.  Considering the proposal backlog, “additional resources” including one additional EB-5 supervisor and a “substantial” number of new Immigration Services officers will be dedicated to the EB-5 team at the California Service Center. New staff are to begin training this fall.

Investor Petition and Visa Statistics

Approximately 90% of the individual Form I-526 petitions filed each year are filed by Alien Investors who are investing in RC affiliated commercial enterprises.

EB-5 Individual Petition Filing Receipts FY05-FY10*
Fiscal Year Form I-526 Petition Form I-829 Petition
FY 2010 (preliminary)* 1727 690
FY09 1028 437
FY08 1257 390
FY07 776 194
FY06 486 89
FY05 332 37

*The fiscal year runs from 10/1 to 9/30. FY2010 figures are for the full fiscal year, but not yet finalized by the relevant departments.

EB-5 Visa Usage
Fiscal Year Total EB-5 Visas Issued
FY10 (Preliminary) 1,886*
FY09 4,218
FY08 1,360
FY07 806
FY06 744

*The USCIS representatives on the call did not know why this number is so much lower than FY09, considering the steadily-growing number of petition approvals. On average, there are 2.5 visas approved per investor.

About Suzanne (www.lucidtext.com)
Lucid Professional Writing provides writing and editing services for businesses and scholars, and specializes in assisting clients to prepare business plans for filing with U.S. Citizenship and Immigration Services.

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