GOOD News for EB-5 Investors Filing I-829s!

USCIS released a memo yesterday relating to I-829 processing changes. Short story: instead of getting an automatic 12 extension of status when filing an I-829, USCIS will now extend you and your family for 18 months  based on longer processing times. Below is the actual text of the memo.

As of June 11, 2018, petitioners who file Form I-751, Petition to Remove Conditions on Residence, or Form I-829, Petition by Entrepreneur to Remove Conditions on Permanent Resident Status, will receive a Form I-797 receipt notice that can be presented with their Form I-551, Permanent Resident Card, as evidence of continued status for 18 months past the expiration date on their Permanent Resident Card.

We are making the change from 12 to 18 months because current processing times for Form I-751 and Form I-829 have increased over the past year.

Additionally, we will issue new Form I-797 receipt notices to eligible conditional permanent residents whose Form I-751 or I-829 was still pending as of June 11, 2018. Those Form I-797 receipt notices will also serve as evidence of continued status for 18 months past the expiration date on petitioner’s Permanent Resident Card.

As a reminder, conditional permanent residents who plan to be outside of the United States for a year or more should apply for a reentry permit by filing Form I-131, Application for Travel Document, before leaving the country. 

https://www.avseb5.com/eb5-news/-good-news-for-eb-5-investors-filing-i-829s-/

Mentions

• U.S. Citizenship and Immigration Services
• American Venture Solutions Regional Center, LLC

States

• Florida