New York City Regional Center Achieves 1,550th I-829 Petition Approval
The New York City Regional Center ("NYCRC") is pleased to announce that over 1,550 EB-5 investors have now received I-829 petition approvals in the company's project offerings. A total of 1,580 I-829 petition approvals to date have now enabled 4,552 individuals (EB-5 investors and family members) to secure permanent residency in the United States. I-829 petition approvals have now been issued in the NYCRC's first nine project offerings.
Since the beginning of 2017, over 750 I-829 petitions have been approved and over 2,100 individuals have secured permanent green cards through NYCRC offerings.
Permanent residency permits EB-5 investors to live and work anywhere in the United States and be protected by the laws of the United States. An EB-5 investor's spouse and children under age 21 are also authorized to live, work, and attend school anywhere in the United States.
"We are very excited to reach the 1,550 I-829 petition approval milestone," said Paul Levinsohn, Managing Principal of the NYCRC. "We know that EB-5 investors and their families put their trust in our ability to help them achieve permanent residency in the United States. Securing over 1,550 I-829 approvals is a testament to the NYCRC's diligent efforts over the past nine years. We congratulate our investors and their families."
"Over the past nine years ago, the NYCRC has focused on spurring economic development in New York City as well as assisting our EB-5 investors and their families begin a new life in America," added George L. Olsen, Managing Principal of the NYCRC. "Reaching the 1,550 1-829 approval mark is a major achievement for our company and, of course, for our EB-5 investors and their families."
Securing over 1,550 I-829 petition approvals represents the latest approval milestone for the NYCRC. Other examples include conditional residency in the United States for over 5,400 EB-5 investors and family members and I-526 petition approvals for over 2,400 EB-5 investors.
A total of $125 million has now been repaid to 250 EB-5 investors in NYCRC's initial two project offerings.
- New York
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