{"id":74870,"date":"2023-05-25T04:58:38","date_gmt":"2023-05-25T04:58:38","guid":{"rendered":"https:\/\/eb5visainvestments.com\/wordpress\/?p=74870"},"modified":"2023-06-16T11:12:46","modified_gmt":"2023-06-16T11:12:46","slug":"eb-5-application-processing-data-for-fy2023-q1","status":"publish","type":"post","link":"https:\/\/eb5visainvestments.com\/ru\/eb-5-application-processing-data-for-fy2023-q1\/","title":{"rendered":"EB-5 Application Processing Data for FY2023 Q1"},"content":{"rendered":"<p><i class=\"far fa-user\"><\/i>&nbsp; <span class=\"blog-author\"> Author: <a href=\"https:\/\/eb5visainvestments.com\/samuel-silverman-author\/\" target=\"_blank\" rel=\"noopener\">Samuel B. Silverman<\/a><\/span><\/p>\n<p>United States Citizenship and Immigration Services (USCIS) has released processing data for EB-5 visa applications covering October through December 2023\u2014that is, FY2023 Q1. These statistics cover the number of receipts, approvals, denials, and pending cases of Form I-526 (including the new Form I-526E for regional center investors) and Form I-829.<\/p>\n<p><a href=\"https:\/\/eb5visainvestments.com\/an-eb-5-investors-guide-to-form-i-526\/\" target=\"_blank\" rel=\"noopener\">Form I-526<\/a> is the initial application an investor submits for a conditional U.S. Green Card.<\/p>\n<p>To remove the conditions on their Green Card at the end of the EB-5 immigration process, an investor then submits <a href=\"https:\/\/eb5affiliatenetwork.com\/investor-faq-topics\/what-is-form-i-829\/\" target=\"_blank\" rel=\"noopener\">Form I-829<\/a>.<\/p>\n<p>The FY2023 Q1 data reflect a surge in demand for the EB-5 visa. This renewed interest in the EB-5 program is likely due to the following factors:<\/p>\n<ul>\n<li>The new <a href=\"https:\/\/eb5visainvestments.com\/2023\/03\/10\/why-rural-eb-5-reserved-will-be-faster-for-chinese-and-indian-eb-5-investors-with-charles-oppenheim\/\" target=\"_blank\" rel=\"noopener\">set-aside visa categories for Chinese and Indian investors<\/a>. This allows Chinese and Indian nationals to avoid years of additional processing delays.<\/li>\n<li>The <a href=\"https:\/\/eb5visainvestments.com\/2022\/06\/25\/eb-5-investors-can-immediately-invest-and-file-i-526-petitions-court-rules-eb-5-regional-centers-are-not-required-to-redesignate\/\" target=\"_blank\" rel=\"noopener\">mid-2022 reauthorization of the EB-5 program<\/a>.<\/li>\n<li>Increased investor security and transparency under <a href=\"https:\/\/eb5visainvestments.com\/2022\/08\/01\/eb-5-investors-now-enjoy-greater-chances-of-immigration-and-financial-success-under-the-new-eb-5-reform-and-integrity-act-of-2022\/\" target=\"_blank\" rel=\"noopener\">the EB-5 Reform and Integrity Act of 2022<\/a> (the RIA).<\/li>\n<\/ul>\n<p>Download EB5AN\u2019s analysis slides for a comprehensive breakdown of the FY2031 Q1 data, and continue reading for detailed analysis and key takeaways.<\/p>\n<h3 style=\"text-align: center; background-color: red; width: 85%; display: table; margin: auto; padding: 10px; margin-bottom: 30px;\"><a style=\"color: #fff;\" title=\"Read the Full Rural EB-5 Investments Article on Forbes.com\" href=\"https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/EB5AN-USCIS-I-526-and-I-829-Visa-Statistics-2023-Q1-VF.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Download EB5AN Analysis Slides on I-526 and I-829 Processing Statistics<\/strong><\/a><\/h3>\n<p>&nbsp;<\/p>\n<div class=\"form-guide\">\n<h6 id=\"heading1\"><a href=\"#h1\">Data on I-526 Petition Processing<\/a><\/h6>\n<ul class=\"form-guide-list\">\n<li id=\"subheading2\"><a href=\"#h2\">Receipts<\/a><\/li>\n<li id=\"subheading2\"><a href=\"#h3\">Approvals and Denials<\/a><\/li>\n<li id=\"subheading2\"><a href=\"#h4\">I-526 Petition Summary<\/a><\/li>\n<\/ul>\n<h6 id=\"heading1\"><a href=\"#h5\">Data on I-829 Petition Processing<\/a><\/h6>\n<ul class=\"form-guide-list\">\n<li id=\"subheading2\"><a href=\"#h6\">Receipts<\/a><\/li>\n<li id=\"subheading2\"><a href=\"#h7\">Approvals and Denials<\/a><\/li>\n<li id=\"subheading2\"><a href=\"#h8\">I-829 Petition Summary<\/a><\/li>\n<\/ul>\n<h6 id=\"heading1\"><a href=\"#h9\">Forms I-526 and I-829 Processing Data Comparison<\/a><\/h6>\n<h6 id=\"heading2\"><a href=\"#h10\">Progress Toward Clearing the EB-5 Petition Backlog?<\/a><\/h6>\n<\/div>\n<h3 id=\"h1\">Data on I-526 Petition Processing<\/h3>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-75195\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" srcset=\"https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1.jpg 1280w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-300x169.jpg 300w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-892x502.jpg 892w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-350x197.jpg 350w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-500x281.jpg 500w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-380x214.jpg 380w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-1170x658.jpg 1170w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-24x14.jpg 24w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-36x20.jpg 36w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Petitions-by-Case-Status-1-48x27.jpg 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-75206\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" srcset=\"https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1.jpg 1280w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-300x169.jpg 300w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-892x502.jpg 892w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-350x197.jpg 350w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-500x281.jpg 500w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-380x214.jpg 380w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-1170x658.jpg 1170w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-24x14.jpg 24w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-36x20.jpg 36w, https:\/\/eb5visainvestments.com\/wp-content\/uploads\/2023\/05\/I-526-Processing-and-Receipts-1-48x27.jpg 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-75217\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-Receipts-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<h4 id=\"h2\">Receipts<\/h4>\n<p>At the quarterly level, receipts (that is, new submissions) of Form I-526 have increased significantly since FY2022. In FY2022 Q4, there were only 188 I-526 receipts\u2014and there were only 32 receipts in FY2022 Q3.<\/p>\n<p>In contrast, FY2023 Q1 saw 556 new I-526 receipts. This is the highest quarterly volume of I-526 receipts since FY2020 Q1, before the COVID-19 pandemic disrupted demand for the EB-5 program.<\/p>\n<p>Many industry members expect the I-526 filing volume to increase steadily over the remainder of FY2023, especially from Chinese investors.<\/p>\n<p>In fact, <i>The Wire China<\/i> has already reported on renewed interest in the EB-5 visa thanks to the set-aside categories. In <a href=\"https:\/\/www.thewirechina.com\/2023\/05\/07\/eb-5-program-chinese-investors\/\" target=\"_blank\" rel=\"noopener\">a recent article<\/a>, EB5AN managing partner Sam Silverman noted that \u201cThe new categories present a once-in-thirty-year opportunity. For the last five years, there was minimal demand [from Chinese investors]. Now, it is bouncing back.\u201d<\/p>\n<h4 id=\"h3\">Approvals and Denials<\/h4>\n<p>Starting in FY2021 Q4, USCIS significantly lowered the volume of I-526 approvals, reaching a low of only 16 approvals in FY2022 Q1. This trend continued until FY2022 Q3.<\/p>\n<p>Despite the increased volume of receipts, the number of approvals in FY2023 Q1\u2014273\u2014increased only slightly from the previous quarter.<\/p>\n<p>On the other hand, denials decreased somewhat from FY2022 Q4, reaching 207 in FY2023 Q1.<\/p>\n<h4 id=\"h4\">I-526 Petition Summary<\/h4>\n<p>The volume of I-526 receipts has not yet recovered to pre-pandemic levels. At the same time, the backlog of pending I-526 cases increased at the quarterly level from 13,062 to 13,232.<\/p>\n<p>This trend indicates that USCIS\u2019s processing capacity for EB-5 applications remains limited.<\/p>\n<p>USCIS has <a href=\"https:\/\/eb5visainvestments.com\/2023\/01\/11\/uscis-proposes-significant-filing-fee-increases-for-eb-5-applications\/\" target=\"_blank\" rel=\"noopener\">indicated that 95% of its revenue comes from filing fees<\/a>. Therefore, a surge in new applications may provide the agency with the resources needed to increase its processing capacity. In fact, as of October 2022, all I-526E applicants are required to pay an additional $1,000 besides the filing fee of $3,675.<\/p>\n<p>Should USCIS increases its processing speed for EB-5 applications, demand for the EB-5 visa would likely increase even further. However, EB-5 processing times have historically gotten longer, with China in a visa processing backlog since 2015.<\/p>\n<p>In total, 556 I-526 petitions were received in FY2023 Q1, and 480 were adjudicated.<\/p>\n<h3 id=\"h5\">Data on I-829 Petition Processing<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75228\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petitions-by-Case-Status-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75239\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Processing-and-Receipts-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" class=\"alignnone size-full wp-image-75250\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-829-Petition-Receipts-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<h4 id=\"h6\">Receipts<\/h4>\n<p>I-829 receipts rose only slightly this quarter, reaching 81. This represents a 17% growth rate from the previous quarter.<\/p>\n<p>Given the COVID-19 pandemic and the nine-month suspension of the regional center program, the volume of I-829 filings dropped sharply starting in FY2022 Q3.<\/p>\n<p>If I-526 filings indeed increase throughout FY2023, it can take several years for this trend to be reflected in a higher volume of I-829 receipts.<\/p>\n<h4 id=\"h7\">Approvals and Denials<\/h4>\n<p>Both I-829 approvals (307) and denials (29) declined at the quarterly level. I-829 approvals and denials had quarterly growth rates of -27% and -29%, respectively.<\/p>\n<h4 id=\"h8\">I-829 Petition Summary<\/h4>\n<p>In this quarter, USCIS managed to cut down the backlog of pending I-829 petitions by only 2%. There were 10,906 pending applications by the end of FY2023 Q1.<\/p>\n<p>In total, 81 I-829 petitions were filed in FY2023 Q1, and 336 were adjudicated.<\/p>\n<h3 id=\"h9\">Forms I-526 and I-829 Processing Data Comparison<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" class=\"alignnone size-full wp-image-75261\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Processing-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=1140%2C641&amp;ssl=1\" alt=\"\" width=\"1140\" height=\"641\" class=\"alignnone size-full wp-image-75272\" srcset=\"https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?w=1280&amp;ssl=1 1280w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=892%2C502&amp;ssl=1 892w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=350%2C197&amp;ssl=1 350w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=380%2C214&amp;ssl=1 380w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=1170%2C658&amp;ssl=1 1170w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=24%2C14&amp;ssl=1 24w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=36%2C20&amp;ssl=1 36w, https:\/\/i0.wp.com\/eb5visainvestments-c-943273.hostingersite.com\/wp-content\/uploads\/2023\/05\/I-526-and-I-829-Petition-Inventory-Backlog-Versus-Processing-1.jpg?resize=48%2C27&amp;ssl=1 48w\" sizes=\"(max-width: 1140px) 100vw, 1140px\"><\/p>\n<p>As of FY2023 Q1, USCIS had a backlog of 13,232 pending I-526 petitions and 10,906 I-829 petitions.<\/p>\n<p>Interestingly, the volume of both I-526 and I-829 adjudications decreased at the quarterly level. While a total of 994 EB-5 petitions were processed in FY2022 Q4, 816 were processed in FY2023 Q1.<\/p>\n<p>This is still a substantially higher processing volume than FY2022 Q1, which saw the lowest number of quarterly adjudications in recent years: 387.<\/p>\n<h3 id=\"h10\">Progress Toward Clearing the EB-5 Petition Backlog?<\/h3>\n<p>The processing data for FY2023 Q1 reflect a surge in demand for the EB-5 visa program.<\/p>\n<p>Factors contributing to this increased interest include the introduction of <a href=\"https:\/\/eb5visainvestments.com\/2023\/02\/23\/impact-of-eb-5-set-aside-visas-on-the-eb-5-industry-and-the-u-s-economy\/\" target=\"_blank\" rel=\"noopener\">new set-aside visa categories for Chinese and Indian investors<\/a>, the reauthorization of the EB-5 program in mid-2022, and the enhanced investor security and transparency provided by the RIA.<\/p>\n<p>The data show a significant increase in new Form I-526 receipts. At the same time, the backlog of pending I-526 cases increased, suggesting that USCIS\u2019s processing capacity remains limited.<\/p>\n<p>Similarly, the volume of I-829 receipts and adjudications remained relatively stable, with a slight increase in receipts and a decline in approvals and denials.<\/p>\n<p>Overall, USCIS will need to <a href=\"https:\/\/eb5visainvestments.com\/2021\/12\/15\/strategies-to-minimize-the-eb-5-visa-backlog\/\" target=\"_blank\" rel=\"noopener\">address the EB-5 application backlog<\/a> and further increase processing efficiency to accommodate the growing demand for the EB-5 program.<\/p>\n<p>According to <a href=\"https:\/\/egov.uscis.gov\/processing-times\/\" target=\"_blank\" rel=\"noopener\">USCIS\u2019s \u201cCheck Case Processing Times\u201d page<\/a>, 80% of I-526 petitions from non-backlogged countries are processed within 60 months. While many investors experience shorter processing times, this still reveals a need for increased processing capacity. <\/p>\n<p>On the other hand, USCIS indicates that 80% of Chinese I-526 petitions are completed within 80.5 months\u2014nearly 7 years.<\/p>\n<p>It is worth noting that the rural TEA set-aside category grants priority processing to EB-5 applicants. Depending on how much faster USCIS processed rural EB-5 petitions, this may be a contributing factor toward reducing the backlog of both I-526 and I-829 petitions.<\/p>\n<p>The renewed interest in EB-5 immigration in the Chinese market may be the key factor in granting USCIS the additional resources it needs to allocate to processing EB-5 petitions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Author: Samuel B. Silverman United States Citizenship and Immigration Services (USCIS) has released processing data for EB-5 visa applications covering October through December 2023\u2014that is, FY2023 Q1. These statistics cover the number of receipts, approvals, denials, and pending cases of Form I-526 (including the new Form I-526E for regional center investors) and Form I-829. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"about-us":[],"eb-5-program-page":[],"class_list":["post-74870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/posts\/74870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/comments?post=74870"}],"version-history":[{"count":0,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/posts\/74870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/media\/74871"}],"wp:attachment":[{"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/media?parent=74870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/categories?post=74870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/tags?post=74870"},{"taxonomy":"about-us","embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/about-us?post=74870"},{"taxonomy":"eb-5-program-page","embeddable":true,"href":"https:\/\/eb5visainvestments.com\/ru\/wp-json\/wp\/v2\/eb-5-program-page?post=74870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}