After the 2008 financial crisis, EB-5 became an increasingly popular source of capital as traditional funding sources dried up. Since 2008, use of the EB-5 program has grown steadily and dramatically.
EB-5 investors file the I-526 petition at the beginning of their EB-5 immigration process. Once their I-526 is approved – a process that can take upwards of a year and a half due to USCIS processing backlogs – investors must wait two years before filing an I-829 petition to remove conditions on their permanent residence. The long delay between I-526 and I-829 petition filings provides a forecast of I-829 filings in the years to come.
In NES Financial’s recently released eBook, Navigating a Changing EB-5 Sector: Insights from Experts, we take a look at the impending number of I-829 petitions that have now started to make it through the process and what that means for the industry as touched upon in the above paragraphs.
Read the full article by downloading your free copy of the eBook today!