SAN
FRANCISCO, June 19, 2024 /PRNewswire/ -- Golden Gate
Global ("GGG"), a leading EB-5 investment fund, reports improved
processing times for the adjudication of applications for a
conditional green card (Form I-526E) by the United States
Citizenship and Immigration Services (USCIS).
Golden Gate Global's rural priority EB-5 project, The
Appellation Sun Valley, received I-956F project approval in less
than 11 months, swiftly followed by the approval of an investor's
conditional green card application. The former marks a significant
improvement from the average 30-month I-526E processing timeline
prior to the implementation of the EB-5 Reform and Integrity Act
(RIA) in March 2022.
"We extend our heartfelt congratulations to our investors who
have received their approvals in a timely manner. The EB-5 industry
can benefit significantly from shorter processing times, providing
investors with more certainty and confidence," said Mark Jorgensen, Co-CEO of Golden Gate
Global.
The EB-5 program requires a minimum investment of $800,000 in Targeted Employment Areas (TEAs),
resulting in creating 10+ American jobs per investor. The
investment, managed by a USCIS-licensed regional center, is
typically invested for 3-5 years in real estate projects.
The EB-5 Visa is one of the fastest ways for applicants born in
India and China to receive a U.S. green card. According
to the U.S. State Department's July
2024 visa bulletin, it is the only employment-based visa
category with "current" status for These applicants.
In addition to speedier processing, the EB-5 RIA introduced the
concurrent filing option. Now, investors residing in the United States can adjust status and apply
for employment authorization and advance parole at the same time
they file their application for a conditional green card (Form
I-526E). Once approved, these filings allow investors to remain in
the country, obtain employment without sponsorship, and have the
option to travel abroad while waiting for their green cards. The
resultant improved timelines have attracted many international
students, technology and finance professionals, and doctors from
India, China, and Vietnam to the EB-5 program.
Golden Gate Global, an award-winning regional center
headquartered in San Francisco,
has satellite offices in South
California, Chicago, and
New York City. The firm boasts a
100% USCIS project approval rate for its 15 projects and has
successfully raised over $750 million
in EB-5 capital from investors in 30+ countries. Additionally, GGG
has successfully repaid over $210
million to 420+ EB-5 investors.
Press Contact: Jane Baklashov
info@3gfund.com
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SOURCE Golden Gate Global