I spoke at an EB-5 investor green card conference in Boston on August 26th. There are now 105 USCIS approved Regional Centers, and about 50 remain on file. Regional Centers are firms approved by the USCIS to take in capital from investors who apply for EB-5 green cards. The capital is invested in various projects from real estate to new energy companies. For details see my web page www.aboutvisas.com.
A Regional Center application I submitted for a client in the Midwest was approved this week.
The USCIS continues to decide applications by developers to create Regional Centers in about 3½ months unless a Request for Evidence is issued. Some can take longer.
The USCIS EB-5 Unit separates green card applications from investors in Regional Centers from those by investors who create their own businesses. USCIS says they give priority to Regional Center cases, but I see both Regional Center and investor created business EB-5 applications being deciding in about the same timeframe.
I next speak on EB-5 investor green cards in Texas on September 23, 2010.
I may hold my own EB-5 seminar in Palo Alto this fall and soon I will hold an EB-5 teleconference monthly. As soon as the date is set I will post it on this blog.
Martin
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