On December 3, U.S. Citizenship and Immigration Services (USCIS) posted to its webpage information and filing “tips” as well as a reminder for approved EB-5 Regional Centers with a designation letter dated on or before Sept. 30, 2015, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 2015 no later than Dec. 29, 2015.
Regional centers are required to submit Form I-924A every year to demonstrate continued eligibility for the regional center designation. See 8 CFR 204.6(m)(6).
Regional centers may be terminated for:
- Failure to provide USCIS with required information (which includes failing to file the required annual Form I-924A).
- Failure to promote economic growth.
A regional center that has been terminated from the EB-5 program may not solicit, generate or promote investors or investments, or otherwise participate as a designated regional center in connection with the Immigrant Investor Program.
There is no filing fee for Form I-924A. The posted filing tips can be viewed here or at the links below.