Visa Lawyer Blog
We are happy to share USCIS performance data containing statistical information on immigrant petitions by alien entrepreneur and petitions by entrepreneur to remove conditions. The number of cases received, approved and denied for through the fourth quarter of FY2012. These petitions are filed under the fifth employment-based preference category (EB-5) for foreign investors.
It is interesting to note that the number of I-526 applications (for initial EB-5 green card) have more than doubled compared to 2011 (6041 compared to 3805) while the approval rate has dropped at 79%. The rate of I-829 filings (application to remove condition) have dropped off at 712. The approval rate for I-829 has dropped at around 92%.
We can some sort of a slowdown in the EB5 filings, but we hope that with the current elections results, more confident investors will start with more EB5 cases in 2013.
If you need information about the EB5 Investor program do not hesitate to email me.
More info here Download file