Outcome:The immigrant investor’s I-526 (initial visa petition) was timely approved.
Description:A Japanese national living in Japan invested in a Limited Partnership under an approved Regional Center in a Targeted Employment Area. The immigrant investor’s source of funds used for the investment was gathered from his personal savings from employment income and investment in stocks and bonds. The funds invested along with funds from numerous other investors, was put toward purchasing land and renovating, improving, and rebuilding, for use as a multi-tenant storage, retail, office, and light industrial facility. The immigrant investor invested $525,000 into this project. The project created 431 direct and indirect jobs in total and each immigrant investor was allotted 10 of the created jobs. The immigrant investor’s I-526 (initial visa petition) was timely approved. He and his family successfully completed consular processing in Japan and immigrated to the United States in May 2007. I-829 Removal of Conditions was filed and in May 2009 was approved.