EB5 Info & Updates for Nov 2018

There has been an avalanche of data released by the USCIS & IIUSA in the past two months, particularly at the 2018 AILA & IIUSA  EB5 Industry Forum held in Chicago on Oct 29 & 30 2018. Along with Mr. Charles Oppenheim, Chief, Immigrant Visa Control & Reporting, U.S. Dept. of State, IIUSA members presented the clearest picture of the USCIS & DOS numbers regarding EB5 till date.

A few important takeaways from the Conference:

  1. Indian EB-5 applicants will hit retrogression by July 2019.
  2. Around 1200 Indians have applied for the EB-5 Visa in FY 2019 (Oct 1 2017 to Sep 30 2018).
  3. The current estimated wait time to become current for an EB-5 Visa for Indians applying now is 5.7 years, Vietnam – 7.2 years, China – 14 years.
  4. The overall worldwide EB-5 investment petitions for FY18 is lower compared to Fy17.

Please post your comments below if you have any specific questions related to the timelines mentioned above.


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