What does the USCIS 924 record mean?

I-924 pre-approval means that EB-5 project parties or regional centers submit EB-5 project documents to the Immigration Bureau for approval in advance before recruiting EB-5 immigration applicants, and obtain the approval of the Immigration Bureau. These documents submitted to the Immigration Bureau for approval include economic reports (that is, reports on employment calculation methods and the number of new jobs), business plans, third-party feasibility reports, private placement memoranda, subscription agreements, supervision agreements, limited partnership agreements and other documents.

Compared with the project without I-924 pre-approval, the project with pre-approval has obvious advantages. First, after obtaining the pre-approval, when the applicant formally submits the I-526 application, the Immigration Bureau generally only needs to examine and approve the applicant's personal documents without re-examining the project documents, which greatly saves the trial time and can obtain the I-526 approval in four months at the earliest. Second, the pre-approved projects will basically not be rejected by the Immigration Bureau as a whole. As long as there are no problems with personal documents, applicants will generally get I-526 approval smoothly.

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