EB-5 Regional Centers Must File Form I-924A By December 29

U.S. Citizenship and Immigration Services (USCIS) is reminding all EB-5 regional centers with a designation letter dated on or before September 30, 2016, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 2016 by December 29, 2016. Regional centers must submit an I-924A every year to demonstrate continued eligibility for the regional center designation.

Regional centers may be terminated for:

• Failure to provide USCIS with required information, including annual Form I-924A submissions
• Failure to promote economic growth

A regional center that has been terminated from the EB-5 program may not solicit, generate, or promote investors or investments, or otherwise participate as a designated regional center in connection with the Immigrant Investor Program.

Source: USCIS announcement