USCIS reminds all EB-5 regional centers with a designation letter dated on or before Sept. 30, 2016, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 2016 no later than Dec. 29, 2016.
It is important to remember that Form I-924A’s Filing Fee, effective Dec. 23, 2016, has increased to $3,035. Therefore, filings post marked or filed on or after Dec. 23, 2016, must include this new fee or USCIS will reject the submission.
Regional centers are required to submit Form I-924A every year to demonstrate continued eligibility for the regional center designation. See 8 CFR 204.6(m)(6).
Regional centers may be terminated for: failure to provide USCIS with required information, including annual Form I-924A submissions. USCIS considers a non-filing of Form I-924A to be a failure in promoting 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.