Covid-19 is negatively impacting people’s lives and the economy, Unfortunately, it also seems to be reducing the number of jobs created by EB-5 projects. If the 10 jobs the investor supposed to create were lost because of this, would that cause a denial in the I-829 removal of conditions stage, any regulations about unexpected events like this?
If you are already at the I-829 stage you would expect jobs to have been created, we are hopeful that USCIS will treat this as an extraordinary circumstance and provide some flexibility. So far we are seeing a good response from USCIS in some other areas.
None yet, but we can hope the government will do something intelligent.
COVID-19 can definitely affect the entire EB-5 project and not just the I-829 application. It is simply impossible to predict the effects on the economy in general as everyone who operates should be on the lookout for all the news on COVID-19.
USCIS has not yet released any guidance on this matter.
It is too early to tell what will happen and how that will impact EB-5 cases. Speak to your lawyer. She or he should have more information for you when it becomes available.
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