Key points from USCIS EB-5 Policy Memo

On May 30, 2013, the USCIS published a new EB-5 Policy Memorandum, implementing some policies from prior drafts with some new important changes.

The most game-changing point is that Regional Centers no longer must be approved for a proposed enterprise’s project geographic area, industry, business method, or economic methodology before investors can file I-526 forms. As long as the project meets USCIS policy, it can be sponsored even without USCIS approval.

The other major change involves allowing a way out for investors whose investment enterprise projects have materially changed since they immigrated as conditional residents.

The Memorandum goes on to list more changes that have occurred. See a synopsis of everything the memo has done by clicking here.

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