On Thursday, June 2, 2022, U.S. Citizenship & Immigration Services (USCIS) published two additional new forms “consistent with the implementation of” the EB-5 Reform and Integrity Act of 2022, including:
- Form I-956F, Application for Approval of an Investment in a Commercial Enterprise, and
- Form I-956G, Regional Center Annual Statement.
Form I-956F is a new form that can only be filed by an approved regional center that is designated after May 14, 2022. USCIS notified EB-5 stakeholders that “Form I-956F is similar in some respects to an ‘exemplar’ submission on Form I-924 under the previous program; however, Form I-956F is required by statute for regional centers to apply for approval of each particular investment offering through an associated new commercial enterprise.”
Form I-956G is for regional centers that are approved after May 14, 2022 to provide required information, certifications and evidence to support their continued eligibility for regional center designation. According to USCIS, “Form I-956G takes the place of Form I-924A from the previous program but incorporates the increased statutory reporting requirements.”
The filing fee is $17,795 for Form I-956F and $3,035 for Form I-956G. Effective June 2, 2022 Forms I-956F and I-956G must be submitted in compliance with new program requirements.
In addition, USCIS also notified the EB-5 community that the agency will be releasing a new Form I-526, Immigrant Petition by Standalone Investor, and a new Form I-526E, Immigrant Petition by Regional Center Investor. USCIS will notify stakeholders once these forms are available on our website.
IIUSA will continue to monitor the development of this matter and inform our stakeholders of any updates as they become available.
IIUSA’s Upcoming Informational Webinar on Form I-956 Filing
IIUSA is hosting an informational webinar on June 8 about filing Form I-956 (Application for Regional Center Designation). During the webinar, expert panelists will discuss Form I-956’s context within the EB-5 Reform and Integrity Act of 2022 and offer practical tips for completing the form. Registration is open. IIUSA members can register for free and non-member registration is $75.
Let Us Know About Your I-956 Filing and Obtain the Access to the Industry-Wide Filing Data
IIUSA is collecting data on the filings of Form I-956 to promote transparency in the EB-5 community and help regional centers better anticipate possible I-956 processing times based on volume of submitted applications.
We encourage all regional center operators to fill out this short survey once your Form I-956(s) is/are filed. In return of sharing your information, you will be able to access the industry-wide I-956 filing data we have collected.
