EB-5 Regional Centers Must File Form I-924A by December 29
This article was prepared with the assistance of ABIL, the Alliance of Business Immigration Lawyers, of which Laura Danielson is an active member.
U.S. Citizenship and Immigration Services (USCIS) is reminding all EB-5 regional centers with a designation letter dated on or before September 30, 2016, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 2016 by December 29, 2016. Regional centers must submit an I-924A every year to demonstrate continued eligibility for the regional center designation.
Regional centers may be terminated for:
- Failure to provide USCIS with required information, including annual Form I-924A submissions
- Failure to promote economic growth
A regional center that has been terminated from the EB-5 program may not solicit, generate, or promote investors or investments, or otherwise participate as a designated regional center in connection with the Immigrant Investor Program.
The USCIS announcement can be found here.