Sometimes no news is good news. That was exactly the case this week for potential EB-5 investors as the Department of State released its November Visa Bulletin.
Thank you for reading this post, don't forget to subscribe!Not quite three weeks into the new USCIS fiscal year, the new bulletin indicates that all three EB-5 set aside categories (high unemployment, rural and infrastructure) remain current.
“The bottom line is that now is a good time for those potential investors who have been looking at EB-5 to move forward,” Green Card Fund CEO and Co-Founder Kyle Walker said. “This is especially true for those potential investors that are already in the US on another visa because of concurrent filing.”
For investors in the unreserved category, there was no change from the October Visa Bulletin. For investors from mainland China, the cutoff date remains July 15, 2016. For Indian investors, the cutoff date remains April 1, 2022.
All other countries remain current.
“We saw an effort by USCIS in fiscal year 2023 to address the backlogs in the unreserved category,” Walker said. “We are only a couple weeks into the new fiscal year so it is too early to draw any conclusions, but we are optimistic that they will continue the same approach in 2024.”
