Final Notice: EB-5 Regional Centers Must File Form I-924A by Dec. 29

12.08.14 | Archived

This is a final reminder that Form I-924A, the annual reporting form used to demonstrate continued eligibility for the Regional Center designation, and Supplement to Form I-924 for fiscal year 2014, must be filed by December 29.

 

On November 6, IIUSA hosted a webinar on the topic of I-924A filing featuring IIUSA President K. David Andersson, IIUSA Vice President Robert C. Divine, and Klasko Law Partners Associate Daniel B. Lundy. This webinar is available for purchase for $99 by clicking here and using the memberdiscount code. Furthermore, all IIUSA members can view the PowerPoint presentation slides and supplemental documents from the webinar byclicking here. 

 

As a note, 340 of the 369 Regional Centers approved as of September 30, 2013 submitted timely I-924As for that fiscal year;  Of the remaining 29, some filed late and some were issued a Notice of Intent to Terminate (NOIT) and some ultimately were terminated for failing to file (it is not clear how many might have been forgiven for failure to file on time).

 

An additional 24 NOITs were issued and remain pending based on failure to fulfill job promotion obligations under 8 C.F.R. 204.6(m)(6), and the speakers acknowledged that a letter explaining steps taken to cultivate projects may carry sufficient weight to counterbalance a lack of projects and related filings.

 

USCIS Reminder To File I-924A

On December 3rd, U.S. Citizenship and Immigration Services sent an e-mail reminder to all EB-5 Regional Centers & EB-5 stakeholders to file Form I-924A by December 29. Read the full message below:

USCIS reminds all approved EB-5 regional centers with a designation letter dated on or before Sept. 30, 2014, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 2014. Regional centers must submit Form I-924A no later than Dec. 29, 2014.

If a regional center fails to file Form I-924A, USCIS will issue a notice of intent to terminate participation in the EB-5 Immigrant Investor Program. If a regional center files an incomplete Form I-924A, USCIS may issue a notice of intent to terminate participation.

Notice About Terminated Regional Centers

A regional center that has been terminated from the EB-5 program may not solicit, generate or promote investors or investments for any other EB-5-related projects, or otherwise participate in the Immigrant Investor Program.    

About Form I-924A

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).

There is no filing fee for Form I-924A. To learn more about where to file, visit the I-924A Web page.

When Completing Form I-924A 

Complete the entire form annually. In some cases, USCIS may request that a regional center submit information covering more than one fiscal year on Form I-924A. In that case, complete Part 2 (b) to identify the period of time and the information requested by USCIS. 

For more details, refer to Questions and Answers: Form I-924A.

0
    0
    Your Cart
    Your cart is emptyReturn to Shop