New regulation offers concurrent filing for EB-5 investors

Among the changes in the recent EB5 reauthorization is the ability for investors to file Forms I-526 (the immigrant visa petition) and I-485 (adjustment of status) simultaneously, a process known as concurrent filing. Concurrent filing is designed for primary applicants who are already in the U.S. on another visa, according to John Baker of LCR Capital Partners. The main benefit is that concurrent filing allows applicants to have legal permanent residency in the US (thus allowing them to freely work, study, and live) while waiting for their I-526 application to be approved. That said, not everyone is eligible for concurrent filing, so it is crucial to seek competent advice to determine your own eligibility.

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