As a final reminder, all EB-5 Regional Centers must file form I-924A for each individual Regional Center designated during or before the fiscal year ending September 30, 2017 by this Friday December 29.
As a quick refresher, the form was updated last year and the current edition is dated 12/23/16 and is the only version USCIS will accept. There is also now a filing fee of $3,035 for each Form I-924A filing.
For more information about the new form I-924A, you can read this article by IIUSA member Joseph Barnett from the most recent edition of the Regional Center Business Journal. An analysis of the changes by Peng & Weber PLLC is also available below.
Analysis of Key Updates to USCIS Forms I-924 and I-924A
By Cletus Weber, Partner, Peng & Weber, PLLC and Elizabeth Peng, Partner, Peng & Weber, PLLC
Starting February 21, 2017, USCIS began accepting only the December 23, 2016 (“new”) editions of the Form I-924 (Application for Regional Center Under the Immigrant Investor Program) and Form I-924A (Annual Certification of Regional Center). The December 23, 2016 updates to the I-924 and I-924A forms, which were accompanied by a sharply increased $17,795 filing fee for the I-924 and a brand new filing fee of $3,035 for the I-942A, reflect USCIS’s intensified focus on strengthening accountability and oversight of regional center owners and principals, as well as owners of regional center-affiliated new commercial enterprises (NCEs).
Key updates to Form I-924
The I-924 form has increased from 6 to 11 pages. Unlike the previous version of the I-924 form (edition date April 27, 2016), the new I-924 form solicits detailed identifying information about the regional center principal(s) and NCE owners…Read More