EB-5 Regional Center Annual Reports are Due by December 29, 2015

Maria del Carmen Ramos
Maria del Carmen Ramos

During its most recent stakeholders teleconference, U.S. Citizenship & Immigration Services (USCIS) reminded participants that regional center reports for 2015 Fiscal Year were due on October 1, 2015, and must be filed by no later than December 29, 2015. USCIS recommended that regional centers complete all fields on Form I-924A, and timely file the required reports. Continue reading “EB-5 Regional Center Annual Reports are Due by December 29, 2015”

USCIS Terminates 16 EB-5 Regional Centers

Maria del Carmen Ramos
Maria del Carmen Ramos

Last October, we advised our readers that U.S. Citizenship & Immigration Services (USCIS) had sent out several Notices of Intent to Terminate (NOITT) regional center designation to various regional centers around the nation. We also warned that this appeared to be an upcoming enforcement trend by USCIS to address complaints of fraud and abuse in the EB-5¬†Regional Center Program.¬† Continue reading “USCIS Terminates 16 EB-5 Regional Centers”

Failure to file Form I-924A Can Lead to a Notice of Intent to Terminate

Maria del Carmen Ramos
Maria del Carmen Ramos

During the 2013 Fiscal Year, USCIS notified more than 50 EB-5 regional centers on its intent to terminate their designation for one of the two following reasons: (i) not filing the required Form I-924A, or (ii) failing to promote economic growth as required under the EB-5 regulations. Continue reading “Failure to file Form I-924A Can Lead to a Notice of Intent to Terminate”