EB-5 Visa Statistics for Forms I-526, I-526E, and I-829 for quarter 2 of fiscal year 2023 continue to reflect the increased demand for the Immigrant Investor Program owing to the reauthorization of the Regional Center Program and the implementation of the 2022 Reform and Integrity Act (RIA). The EB-5 Visa Statistics for Quarter 2 of fiscal year 2023 also show the number of approved, denied, and pending petitions. Of significance for quarter 2 EB5 Statistics for fiscal year 2023 are the increased denial rates for I-526 petitions. While I-526 forms saw an increased number of approvals for quarter 2 of fiscal year 2023, factors such as the source of funds and inexperience of some EB 5 investors have led to the increased number of petition denials.
In this article, we’ll take you through the changes in EB 5 Statistics in the past years to the current data published by the U.S. Citizenship and Immigration Services (USCIS). We also included data on the new regional center forms and the separate numbers for Forms I-526 and I-52E which were released for the first time in the agency’s report. Our personalized approach and collaboration with EB-5 industry experts have already helped two of our investors gain I-526E approval in just a year. Keep reading to learn more about the EB5 Program trends and how we can help you obtain your US Green Card through investment.
What are the EB-5 Visa Statistics for USCIS Forms I-526, I-526E, and I-829 for Quarter 2 of Fiscal Year 2023?
The new EB-5 Visa Statistics for Forms I-526, I-526E, and I-829 released by the U.S. Citizenship and Immigration Services (USCIS) reflect the number of petitions received, approved, and denied for quarter 2 of fiscal year 2023. The report, which covers the period from January to March 2023, also shows the number of remaining pending EB-5 Visa petitions as well as statistics on forms related to regional centers.
These forms correspond to the different stages of the EB5 Visa application process. Form I-526 (Immigrant Petition by Standalone Investor) is used to initiate the immigration process through EB5 Project investment which is now used solely by direct project investors after the passing of the Reform and Integrity Act (RIA) in 2022. A new document, Form I-526E (Immigrant Petition by Regional Center Investor), is used by regional center investors under the EB-5 Reform and Integrity Act. Form I-829 (Petition by Investor to Remove Conditions on Permanent Resident Status) is filed during the final stage of the EB 5 process to gain Lawful Permanent Residency (LPR) in the United States.
The U.S. Citizenship and Immigration Services (USCIS) is the agency in charge of receiving and adjudicating these petitions. USICS previously published EB5 Statistics for Forms I-526 and I-829 for Quarter 1 of the Fiscal Year 2023 which showed the regained interest of immigrant investors due to the improvements brought on by the Reform and Integrity Act (RIA) and the reauthorization of the Regional Center Program.