The EB-5 project was not completed due to operational and capital issues. It was substantially done but not finished, and it has been delayed for over 3 years.
Capital has been sustained and invested during the conditional green card period, and each investor is allocated over 11 jobs, according to the employment report. The first I-829 application was approved in late 2020.
Does that mean USCIS approved the project (even though not finished) and other investors’ I-829 will get approvals as well? Does one I-829 approval accelerate the remaining I-829 adjudications?
Answers
Salvatore Picataggio
Find an EB-5 Visa Lawyer: Immigration AttorneyAt some point, actual job creation will matter. The first few investors may be safe, but the further down the list you go, it will be tougher to get an approval without a finished project.
Bernard P Wolfsdorf
Find an EB-5 Visa Lawyer: Immigration AttorneyIt is helpful that one of the I-829s has been approved, however, each I-829 must stand on its own, and if sufficient jobs were created and the investment sustained, the others should also be approved.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.