html On June 24, the Immigration Bureau’s reauthorization policy was suspended by an injunction (the reauthorization policy was suspended, and the EB-5 investment application will be restarted soon). Regional centers gradually began to celebrate the victory. Starting from now, the new EB-5 Investors can submit EB-5 applications and their businesses can restart.Preface: It is worth noting for new investors that the court’s injunction only prohibits the USCIS from overturning the authorization of the existing regional center. It does not prohibit the USCIS from once again requiring the regional center to operate in accordance with the new EB-5 bill. Compliance applications and reviews.
IIUSA, which had previously applied to intervene in the lawsuit, thanked its legal team:
And the protagonist of the case, Colin Behring, the owner of Behring Regional Center, thanked the entire EB-5IC team and the key lawyers of this team- GT Law Firm:
Same as last year when Behring became famous for overturning the Immigration Bureau’s new EB-5 regulations in 2019 (EB-5 officially returned to 500,000 | Immigration Bureau announcement), this lawsuit is also the planning and planning of the entire EB-5IC agency. The credit is not just the work of one regional center, but has the interests of the entire organization and even the entire regional center industry behind it.
IIUSA and EB-5IC are all cheering for this, and EB-5 new investment and new applications will be restarted immediately. This is also a victory for the regional centers. Since June 30 last year, almost a year later, these people have been able to gradually start recruiting new investors.
However, it is worth noting for new investors that the court’s injunction only prohibits the USCIS from overturning the authorization of the existing regional center. It does not prohibit the USCIS from once again requiring the regional center to apply for compliance in accordance with the new EB-5 Act. and review. In other words, if regional centers fail to meet the stringent compliance requirements of the new bill, their qualifications will still be revoked by the Immigration Bureau.
If, under the urging of regional centers, new investors quickly get on board to grab the “no-scheduling quota”, they must also understand: No waiting period, no waiting period, is EB-5 going to be brilliant again?
We need to know:
. Schedule-free projects do not exist; . There are no scheduled projects, but there are no schedules on the current paper; . There are no scheduled projects, including urban high unemployment areas or rural or infrastructure projects. It requires the certification of the Immigration Bureau, and there is a risk of not passing it, that is, it may not be able to be scheduled; 4. There is no schedule on paper, how long it will last is not sure, and it also depends on the policy attitude of the Immigration Bureau;
5 .All projects must submit the project pre-approval to the regional center before investors can submit the I-526 application;
The Immigration Bureau still has many policy details that have not been announced yet. I personally expect that it may last for a long time and gradually release the policies under the new law. Supporting policies, which may affect investor application and approval.
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