Regional Center Annual Report

The legal information provided by regional areas for their continuous eligibility for an authorized center in the Form I-924A every fiscal year. A regional center designation can be revoked if the form above is not filed. The yearly report will have to contain some unique information such as the aggregated number of indirect or direct jobs generated by the EB-5 investment, the aggregated amount of EB-5 alien capital invested, the sectors in concentration of the EB-5 capital investment, the total number of revoked, denied, and approved Form I-526 applications, data on all opportunities creating businesses within the environment’s geographical location that have collected alien investor capital, the number of denied, approved, and revoked Form I-829 petitions completed by an alien investor within the area.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in December, and continues to work with international families that want to explore alternative residency options.

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