WR Immigration Director of Visa Consulting Charlie Oppenheim and Joey Barnett provide unique insights on the October EB-5 investor visa outlook. The team also covers the latest updates on the November Visa Bulletin. Watch below!
Chatting with Charlie Webinar: October EB-5 Investor Visa Outlook
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Expediting Immigration Applications Before USCIS
It can be frustrating to file an application or petition before U.S. Citizenship and Immigration Services (USCIS) only to wait through seemingly endless delays. But all may not be lost: USCIS will consider requests to expedite applications and petitions on a case-by-case basis. It’s easiest and best to make an expedite request at the time of filing. Requests must meet all requirements, including documentation of a compelling reason. Keep in mind that USCIS has the sole discretion to decide whether to grant or deny a request, and the decision itself can take time. A separate option is Premium Processing Service. Both of these options are discussed below. Expedite Requests A successful expedite request might include evidence of medical need, an application that is in the U.S. national interest, or massive financial loss that may ensue if the application is delayed, for example. In cases of government error, the agency is responsible for fixing it. According to USCIS, reasons may include: Severe financial loss to a company or person, provided the need for urgent action is not the result of the petitioner’s or applicant’s failure to file the application/petition or expedite request within a “reasonable” timeframe or respond to any requests […]
Could the China EB-5 Visa Waiting Line for FY 2021 (October 2020) Be About 8 Years For a New Case?
By: Bernard Wolfsdorf A silver lining exists for some immigrants due to the COVID-19 global pandemic. With most U.S. consulates closed or limited to emergency visa processing, there will be many more employment based (EB) immigrant visas available in Fiscal Year (FY) 2021 which starts on October 1, 2020. The Immigration and Nationality Act provides that if the full quota of family-based visas is not used in any fiscal year, then the unused numbers are added to next year’s employment-based immigration quota. The October 2020 Visa Bulletin indicates that the employment-based quota will be 261,500 – almost double the usual annual quota. This is all-time high – as opposed to the usual 140,000 visas. With U.S. Consulates operating at minimum capacity together with Presidential Proclamations suspending most family-based immigrant visas – there has been a huge “spillover” of at least 120,000 visas available in FY 2021. EB-5 gets 7.1% of those. So, in addition to the normally allocated 10,000 visas, the EB-5 category will get at least 8,566 extra visas for a total of around 18,566 visas. These additional visas, together with future unused visas resulting from the November 21, 2019 Modernization regulations that increased the minimum investment to $900,000 for Targeted Employment and Rural areas, could […]
