New forms launched for U.S. immigrant investor program

Highlights U.S. immigrant investor program

• United States Citizenship and Immigration Services (USCIS) is currently altering and revising the Form I-526, and Immigrant petition Alien Entrepreneur to adapt with the EB-5 Reform and Integrity Act of 2022.
• The notable changes will help investors to file and check the eligibility requirements under the EB-5 program.

Types of forms

Form I-526: This is used through independent foreign investors, who are not able to pool the investments with other capitalists. Foreign investors who are willing to EB-5 categorization which matches with the previous edition of Form I-526.

Form I-526E: The Form I-526E is used through foreign investors, who are not ready to pool the investment with others venture capitalists. Foreign investors classify EB-5 that matches with the new center program.

Reason for the creating new Form I-526E

To analyze the factors of the new center program, Form I-526E has been created to include the capability to demonstrate the source of a particular center's Form I-956F.

An immigrant investor will not be able to submit Form I-526E, until the specific center has submitted Form I-956F, for a specific investment offering through an associated corporate enterprise to invest in.

After receiving a notice for the Form I-956F, and the particular center gets a confirmation about proper filing, then the investors can submit their related Form I-526E based on the receipt of notice. Forms I-526 and I-526E need not be submitted in compliance with new requirements effective July 12, 2022. For each form, the filing fee is $3,675.

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