EB-5 Petition Data for Q4 of FY 2019: See the Trends

EB-5 petition data for Q4 of FY 2019 is now available, see the trends below.

Here are the USCIS Quarterly Reports for Form I-526 and Form I-829 showing EB-5 petition data for all four quarters of FY 2019 as well as data for fiscal years 2008-2018.

Number of Form I-526, Immigrant Petition by Alien Entrepreneur by Fiscal Year, Quarter and Case Status as well as Case Status Fiscal years 2008-2019

eb-5 quarterly report

Q4. July-September I-526 Receipt Data:

Now that the data is available, we can see that there was an increase in filings in the fourth quarter, but it wasn’t the flood of investors that was predicted. In fact, there was a nearly 35% drop in filings compared to the Q1 of FY 2019. Between Q3 and Q4, however, filings nearly doubled.

Impact of the EB-5 Modernization Regulation: 

It may be fair to say that the EB-5 Modernization Regulation did have a small impact on investors and some did rush to apply prior to the investment amount increase.

Approval and Denial Rate Data:

The denial rate is about the same as the previous quarter, but it appears higher because the Q4 petition approval rate is low (only 356 petition approvals).

FY 2019 Trends:

Overall, filings appear to be trending lower. In FY 2018 the Immigrant Investor Program Office received 6,424 petitions, while they only received 4,194 petitions in FY 2019.

Major Reduction in Adjudications in FY 2019 Compared to FY 2018:

About 3x fewer petitions were adjudicated in FY 2019 compared to FY 2018.

It’s not clear why was there such a major slow down in processing FY 2019. We haven’t seen this level of slow processing times since FY 2013.

Number of Form I-829, Petition by Entrepreneurs to Remove Conditions on Permanent Resident Status by Fiscal year, Quarter and Case Status as well as Case Status Fiscal years 2008-2019

Q4. July-September I-829 Receipt Data:

There was a slight drop in the number of I-829 petitions filed in Q4, but overall, the number received was roughly the same as the rest of FY 2019. FY 2019 saw more I-829 petitions filed than any other year listed.

Approval and Denial Rate:

There was a drop in the number of approved petitions between Q3 and Q4 and overall for FY 2019, there was a drop in approvals compared to FY 2018. The number of denials dropped between Q3 and Q4, and overall for FY 2019, the number of denials was slightly lower than in FY 2018, but the denial rate is slightly higher due to less approvals.

A Reduction in Adjudications in FY 2019 Compared to FY 2018:

In FY 2019, IPO only adjudicated 1,733 forms, while they adjudicated 2,714 forms in FY 2018. Again, it’s unclear why there is such a major slowdown in processing.

Why is EB-5 slowing?

I’ll write an update when we have more answers about what’s going on at the Immigrant Investor Program Office in regards to EB-5.

Is EB-5 still worth it?

The EB-5 visa is still one of the most valuable US visa categories, and it’s unlikely that filings will continue to stay low even with the new higher investment amount going into effect. EB-5 investors receive green cards for themselves, their spouses and their unmarried children under the age of 21 years.

EB-5 investors can apply for US citizenship 5 years after receiving US conditional permanent residency. See how here.

Interested in learning more about the process? Fill out our free evaluation below.

Source

Leave a Reply

Your email address will not be published.