Monday, December 28, 2015

EB-5 Practice Alert-December 29, 2015 is Last Day to RECEIVE Form I-924A

(Source: Bernard Wolfsdorf) Immigration regulations require regional centers to show every year that they continue to promote economic growth, improved regional productivity, job creation or increased domestic capital investment in the approved geographic area. To do so Form I-924A must be submitted to show a regional center’s continued eligibility for designation. The application must be filed within 90 days after the end of the fiscal year, which is on or before December 29th.

Therefore tomorrow December 29, 2015 is the last day to receive the I-924A. It must be filed by overnight courier or submitted by bonded messenger to arrive December 29, 2015. USCIS has been fairly rigid revoking regional center designation for those that do not comply in a timely manner.

Failure to submit the required information to USCIS, or failure to promote economic growth will result in the issuance of a Notice of Intention to Terminate the Regional Center (NOIT). A NOIT signifies USCIS’s intentions to terminate the RC’s participation in the program. If you operate a regional center and haven’t filed, you need to do so immediately. It is possible since we are located within commuting distance to the filing location that we might be able to assist with last minute filings. Call 310-570-4088 and ask for “urgent EB-5 attorney assistance”.

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