Discusses news and offers opinions about the EB-5 Immigrant Investor Program in the United States.
Tuesday, October 30, 2012
Why so long?
USCIS processing times were released, and the California Service Center reported that it takes eight months to process an I-526 petition by an EB-5 alien investor. Eight months! I know for a fact it is taking CSC longer -- in many cases more than a year -- to process I-526 petitions.
Eight months or more is disgraceful!
CSC reported that it takes one month to process an L-1 (intracompany transferee) visa cases and two months to process an E-2 (treaty investor) case.
There is $500,000 minimum behind each I-526 petition that could be invested in an American business and create jobs, but USCIS seems quite comfortable to drag its feet.
A former USCIS employee told me that the more employees USCIS trains and devotes to a given type of visa case, the longer the processing time. That's counter-intuitive, but it is so true.
No comments:
Post a Comment