The United States Citizenship and Immigration Service (USCIS) has announced a major revision in the fee structure for several immigration applications, set to take effect on April 1. Among the most affected categories is the EB-5 Immigrant Investor Program, where the initial application fees will see a substantial hike. Specifically, the fees for Forms I-526 and I-526E, crucial for starting the EB-5 green card process, will jump from $3,675 to $11,160. Additionally, the fee for Form I-829, which is necessary to remove conditions on residence, will increase from $3,835 to $9,525.
Impact of Changes
Despite these daunting fee increases, there are still avenues for potential investors to navigate these changes effectively. Those who act swiftly and submit their I-526/I-526E petitions before the April 1 deadline can still benefit from the current, lower fee rate.
Moreover, the USCIS continues to process I-526E petitions at a remarkably fast pace, averaging three to four months, particularly for those who make strategic Regional Center project selections. An additional advantage is extended to nationals from India and China, who can concurrently file their Adjustment of Status applications with their initial EB-5 submissions if they choose an appropriate Regional Center project. This allows them to potentially receive their green cards approximately 12 months from the filing date, circumventing the lengthy backlogs usually faced under other employment-based green card categories.
Pros:
Impact of Changes
Despite these daunting fee increases, there are still avenues for potential investors to navigate these changes effectively. Those who act swiftly and submit their I-526/I-526E petitions before the April 1 deadline can still benefit from the current, lower fee rate.
Moreover, the USCIS continues to process I-526E petitions at a remarkably fast pace, averaging three to four months, particularly for those who make strategic Regional Center project selections. An additional advantage is extended to nationals from India and China, who can concurrently file their Adjustment of Status applications with their initial EB-5 submissions if they choose an appropriate Regional Center project. This allows them to potentially receive their green cards approximately 12 months from the filing date, circumventing the lengthy backlogs usually faced under other employment-based green card categories.
Pros:
- Opportunity to File at Current Rates: Investors have a window to submit their applications at the current lower fees if they act before April 1, potentially saving thousands of dollars.
- Fast Processing for I-526E Petitions: USCIS's expedited processing times for I-526E petitions remain a significant advantage for investors through strategic project selection.
- Benefit for India and China Nationals: The ability for India and China-born nationals to concurrently file for Adjustment of Status with the EB-5 application offers a faster pathway to green cards, avoiding longer waits in other categories.
- Significant Fee Increases: The steep hike in application fees could deter potential investors, particularly those from middle-income backgrounds, from pursuing the EB-5 pathway to U.S. residency.
- Increased Financial Burden: The increased costs may add a significant financial burden on applicants, affecting their overall investment strategies and financial planning.
- Potential Rush Before Deadline: The impending fee increase could lead to a rush of last-minute applications, potentially overwhelming both applicants and immigration attorneys trying to meet the deadline.