David Enterline of WTW – Taipei Commercial Law Firm and as EIC ‘s President has obtained approval from the United States Citizenship and Immigration Services (“USCIS”) Investor Program Office (“IPO”) of his EB-5 Investor’s Form I-526E Petition in 13 months. This investor’s I-526E Petition was based on an investment in a High Unemployment Area.
The EB-5 industry has recently been filled with news of I-526E Petition approvals based on investments in businesses located in Rural Areas, with processing times of between 4 and 12 months. Investments made in businesses in Rural Areas have an advantage of receiving priority processing and adjudication based on the EB-5 Reform and Integrity Act of 2022.
This approval of the I-526E Petition based on an investment in a High Unemployment Area in only 13 months could be the first such I-526E Petition approved outside of an investment project that had obtained approval for expediting processing based on national interest or humanitarian reasons.
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