In recent years, the EB-5 visa program has become a reliable way for foreign investors to gain permanent residence in the United States. But with the signing of the EB-5 Reform and Integrity Act of 2022 (RIA) into law on March 15, 2022, this already popular program has just gotten even better.
The most important change that RIA introduces is the ability to file Forms I-526 E and I-485 simultaneously—known as “EB-5 Concurrent Filing”—which allows investors on non-immigrant visas in the United States to apply for their adjustment of status while their I-526E petitions are being processed.
Concurrent Filing Concurrent filing makes the process of obtaining an EB-5 visa much simpler and more efficient. It eliminates many of the common headaches associated with applying for an EB-5 visa, such as long processing times and costly trips abroad. Under concurrent filing, applicants can remain in the US while their applications are being processed, allowing them to continue working or studying without having to worry about any potential delays or interruptions caused by their application process. Additionally, since they do not have to leave during this time period, applicants can avoid any possible issues related to reentry into the US after their original visas expire.
In addition to these practical benefits, concurrent filing also brings increased flexibility and control over your application process. With concurrent filing, you can choose when to submit your application—which means you can decide when it is most convenient for you based on your individual circumstances. This gives you more control over your timeline and ensures that you can submit all required documents at once instead of having to wait for each item separately.
Finally, concurrent filing allows for faster approval times because everything is submitted together—so if there are any issues with one form or document, those issues can be resolved before submitting everything else. This minimizes delays caused by paperwork errors or other issues that could otherwise slow down approval times considerably.
Overall, concurrent filing provides a great benefit for applicants looking to obtain an EB-5 visa through this program – allowing them to remain in the US while their applications are being processed and giving them more control over their timeline and paperwork requirements than ever before. If you’re considering applying for an EB-5 visa through this program, it may be worth exploring whether concurrent filing is right for you – so don’t hesitate to reach out today!