The U.S. Citizenship and Immigration Services just released updated processing times for EB-5 petitions through July 14th.
For I-526 petitions, processing times remained the same at 16.6 months. However, both I-829 and I-924 petitions increased at 20.1 and 9.9 months respectively.
The increase in I-829 petitions can be attributed to the increase of submissions as a result of investors reaching the end of their two year conditional permanent residency status. It has also been noted that although I-924 processing times indicate an average of 9.9 months, most EB-5 issuers are reporting having to wait longer than that. To keep updated on all processing times, click here.
What is EB-5? Find out more by downloading our EB-5 Administration Solution Sheet.