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【ARCFE News】 ARCFE IS REDESIGNATED UNDER RIA 2022 & GROUP 14 I-956F RECEIPT RECEIVED

ARCFE IS REDESIGNATED BY USCIS UNDER RIA 2022

ARCFE was previously designated by USCIS in 2013 under the old EB-5 law through receiving the I-924 approval. This form is now archived and is replaced by form I-956 after the program was reauthorized earlier this year. Under the EB-5 Reforms and Integrity Act of 2022 (“RIA 2022”), all regional centers are required to submit I-956 to request USCIS for redesignation in order to continue raising and managing EB-5 funds. ARCFE is one of the first regional centers that received approval for I-956 and got redesignated under the RIA 2022. 

ARCFE’s I-956 Approval Notice

ARCFE RECEIVED GROUP 14 I-956F RECEIPT

ARCFE received Group 14 I-956F receipt for project documents filing. Each receipt notice includes the New Commercial Enterprise ID and I-956F receipt number for each project. ARCFE Investors can now immediately file their I-526E petitions with USCIS. Under the new EB-5 regulations, investors do not need to wait for I-956F approval. Please speak to your Immigration Attorney as soon as possible to start your exciting EB-5 journey.

EB-5 CONCURRENT FILING

The EB-5 Reform and Integrity Act of 2022 (“RIA”) offers great benefits to investors and their families, including concurrent filing and reserved visas.  Concurrent filing allows investors who are already in the U.S. under a different visa category to file their I-526E petition at the same time with form I-485 to adjust their status without leaving the U.S.  This also gives investors and their families immediate freedom to live, study and work in the U.S. while waiting for their Green Cards to be approved. For investors from countries experiencing extended wait time due to visa backlog, they can now take advantage of reserved EB-5 visas to expedite the process.

When investor chooses to do concurrent filing, they will need to file these four forms at the same time:

  1. Form I-526E (“Immigrant Petition by Regional Center Investor”)

  2. Form I-485 (“Application to Register Permanent Residence or Adjust Status”)

  3. Form I-131 (“Application for Travel Document”)

  4. Form I-765 (“Application for Employment Authorization”) – EAD Card

As of date, ARCFE have received a total of 13 I-765 approvals for EB-5 concurrent filing under the EB-5 Reform and Integrity Act of 2022 – all within 3 months of filing their petitions concurrently. Investors will receive their EAD card within 30 days from the notice date. They will be able to legally work in the U.S. beginning from the “start date” on their EAD card while waiting for their I-526E petition to be processed.

EB-5 RESERVED VISA

Besides Concurrent Filing, the new EB-5 program now also divided into 4 visa categories:

  1. Unreserved visa (all projects)

  2. 2% reserved visa for infrastructure projects

  3. 10% reserved visa for high unemployment area projects

  4. 20% reserved visa for rural area projects

Investors from countries that are currently retrogressed (China and India) should take advantage of these reserved visas to shorten the wait time.

January 2023 visa bulletin. China and India are currently retrogressed in the unreserved visa category, but are “CURRENT” in the three reserved visa categories.

GROUP 14 MEETS 10% RESERVED VISA REQUIREMENT

Group 14 consists of two real estate development projects located in prime locations of the world’s #1 financial capital, New York City. Both project locations are TEA and meets the 10% reserved visa requirement. Both projects have clear exit strategies, and will create sufficient jobs for all investors. Group 14 project documents are prepared and filed by an experienced team of professionals, including distinguished economist Michael Kester, law firms with long and illustrious history Saul Ewing LLP, as well as Law Offices of Li & Associates.


New York Office

28-07 Jackson Ave, 8th Floor, LIC, NY 11101

(212) 889-5333

info@arcfe.com

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