What is Concurrent Filing?
The EB-5 Reform and Integrity Act (RIA) of 2022 introduced a revolutionary benefit for EB-5 investors already located in the United States on a different visa status: concurrent filing. Here’s how it streamlines your green card journey:
Concurrent filing allows you to submit both your EB-5 petition (Form I-526E) and your application for adjustment of status (Form I-485) simultaneously. This eliminates the lengthy wait for I-526E approval before filing for your adjustment of status, significantly decreasing the time it takes to receive certain immigration benefits.
Pre-RIA Challenges:
Previously, investors faced a frustrating delay. They had to wait for USCIS to approve the I-526 petition, which could take years, before filing for permanent residency. This left them in limbo, unable to work freely, travel freely, or build a life in the U.S.
Benefits of Concurrent Filing:
- Faster Immigration Timeline: Concurrent filing allows you and your family to remain in the U.S. and begin living your American dream much sooner.
- Work Authorization (EAD): Along with your I-526E and I-485 applications, you can also submit your request for an Employment Authorization Document (EAD) which grants you the ability to work legally in the U.S. while your case is pending.
- Travel Flexibility: You can also apply for a travel document, allowing you to freely travel outside the U.S. without jeopardizing your application. This provides peace of mind and avoids restrictions on movement.
Improved Quality of Life: With the ability to work and travel, you can integrate into American society, send your children to school, and establish a stable life while awaiting your green card.
