I am an Indian investor. I invested on Dec. 6, 2018, with my I-526. My son is 17 years old now. Will he age out due to the retrogression? What should we do?
Answers
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A Olusanjo Omoniyi
Find the Best EB5 Visa LawyersIf you had included your son in your petition, he may be protected pursuant to the Child Status Protection Act (CSPA). Furthermore, assuming your son was included, CSPA allows your son's age to remain frozen throughout the entire processing time until the I-526 is approved. Moreover, under the CSPA you have two additional years to process your son's visa after the I-526 is approved. Advisably, consult an immigration attorney to make sure everything relating to your petition is in order.
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Bernard P Wolfsdorf
Find the Best EB5 Visa LawyersNobody knows the answer to this, but we can give some advice. First, he likely has about six years of protection: four years until age 21 and about two years while the petition is pending. In October 23, 2018, the State Department unofficially was estimating about 5.8 years, so he might be right on the cusp of safety. Hopefully Congress will remove the 7% per-country limitation. That would solve the problem. Or Congress will remove derivatives from the country, and then he is safe. The only other thing you can do is withdraw and gift to him as the principal, but it's too close to call.
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BoBi Ahn
Find the Best EB5 Visa LawyersHe most likely will not age out based on the information you provided, but would need more detail on the status of I-526, etc.
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Julia Roussinova
Find the Best EB5 Visa LawyersIt is possible your child may age out. One option is for him to file his own I-526 petition if feasible. Other options include to explore non-immigrant visas, such as the F visa and then a work visa (H or L) that will allow for employment-based immigration. Alternatively, marriage-based immigration may be an option.
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Salvatore Picataggio
Find the Best EB5 Visa LawyersDepends on your actual goal. Many investors only really care about their kids getting the green card, so if that is you, wait until he turns 18 and have him be the investor. Or, get him an F visa now to get him in school and work on U.S. employment options.
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Charles Foster
Find the Best EB5 Visa LawyersGiven the fact that you filed your EB-5 petition on Form I-526 in December 2018, and your son is 17 years old, it is somewhat likely that he will age out before a visa number is available. Your options are somewhat limited. The best option for the entire family is for your son to file an I-526 petition in his own name. It is critical to make that decision soon, given the growing backlog, and the fact that it is somewhat likely that in the near future, the minimum $500,000 investment by regulatory change could be doubled to $1 million or more.
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Marko Issever
EB-5 Broker DealersIt is not clear at all that due to retrogression, your son who is only 17 years old now will age out. Remember, when you applied for the EB-5 and filed the I-526 petition on Dec. 6, 2018, your son's age was frozen then. When your I-526 petition is approved his age will be unfrozen. But he will still have at least four years then before he ages out. Based on USCIS authorities' ultra-conservative predictions, you are right to worry about your son aging out. That said, the market consensus is that you should get your conditional green card within five to six years, at the latest. It appears like if the I-526 approval period within that time period takes at least two or more years, your son should be safe.
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Belma Demirovic Chinchoy
Find the Best EB5 Visa LawyersGiven the information we have now, I don't believe your son will age out. If you don't wish to take any risk, your son could file his own I-526 petition.
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