On February 11, 2015, U.S. Immigration & Citizenship Services released an updated EB-5 Processing Report reflecting average processing times for the Immigrant Investor Program Office as of December 31, 2014.
Unfortunately, the overall time for the processing of EB-5 petitions has increased. It is currently taking the Immigrant Investor Program Office about 14 months to process an I-526 petition. While this is only slightly longer than previously reported, there has been a real upswing in the times to process a Form I-829, Petition by Entrepreneur to Remove Conditions, and Form I-924, Application for Regional Center Under the Immigrant Investor Pilot Program. It is currently taking 11.4 months and 11.1 months, respectively, to process these petitions.
For more information, please contact Mechelle Zarou at 419.321.1460 or mzarou@slk-law.com.