Assembled below are answers to COVID-19 related questions for the EB-5 community. I hope you find these to be helpful. What is COVID-19? COVID-19 is an abbreviation for “coronavirus disease 2019.” According to the U.S. Center for Disease Control (“CDC”), COVID-19 has caused a pandemic of respiratory disease spreading from person-to-person caused by a novel [...]
Read my IIUSA blog analyzing the March 13, 2020 USCIS EB-5 Stakeholder Engagement on the new I-526 petition process. Effective March 31, 2020, the new "inventory management" approach will prioritize petitions with visa availability. Quicker visa processing is anticipated in 12-18 months as a result. See the most recent Visa Bulletin to see visa [...]
Carolyn Lee Quoted in Bloomberg Law re: USCIS EB-5 Process Change See the article on Bloomberg Law news here. Carolyn Lee quotes: “This is a measure, presumably, to increase efficiency, address fairness and issues in visa allocation,” said Lee, who heads the American Immigration Lawyers Association’s National EB-5 Committee. But there’s “tremendous operational opacity” in [...]
EB-5 Alert New EB-5 Processing Plan Announced -- FIFO to FIVA January 29, 2020 USCIS stated in an announcement this morning that starting March 31, 2020, USCIS will "prioritize" petitions filed by investors from non-backlogged countries. Rather than processing cases "first in first out," it will focus on "visa availability," going from FIFO to FIVA. This [...]
What EB-5 Needs Now January 27, 2020 We start another year in EB-5 without long-term reauthorization. Yet, even in this environment, there are brave ventures and reassuring constancy in EB-5 – new businesses exploring regional center formation, great projects rebooting to meet new regulations’ requirements, advisors delivering steadfast guidance amid lengthening processing times and heightened [...]
Carolyn Lee PLLC Wishes Clients and Friends Around the World Good Health and Fortune in the Lunar New Year!
Wishing clients and friends Warm Holidays and a Peaceful, Prosperous 2020! ***
CLP EB-5 Roundtable URBAN TEAs UNDER THE NEW EB-5 REGULATIONS Wednesday December 18, 2019 1:00 PM – 2:00 PM Eastern Time You’re invited to hear from EB-5 industry experts on the new high unemployment TEA requirements, now in effect under the EB-5 Modernization Regulations.Please join our discussion of the changes, pros, cons, risks, and best [...]
EB-5 Alert December 6, 2019 New Form I-924A for FY2019 Effective Today On November 21, 2019, USCIS announced that it would only accept the new Form I-924A starting December 6, 2019. This is an abrupt change to the Form I-924A already 7 weeks into the 3-month filing season with 3 weeks left to file. The annual Form [...]
Thank you to clients and friends who have made Carolyn Lee PLLC's first year a success. Happy Thanksgiving! ***
