March 2020 EB-5 Visa bulletin updates

China Final Action Date

Another month, another visa bulletin just got released yesterday (Feb 17 2020). The surprising news here is that China Final action date (FAD) has moved forward 5.5 months to 15 May 2015. This is a big jump as the Chinese FAD has barely moved a few months in the last 2 years. This could be because of the Coronavirus that has shutdown most of China including the US consulate in Guangzhou. My guess is the FAD for China will be moved back closer to December 2014 once the Guangzhou consulate re-opens and Coronavirus is in control.

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Success rates of EB-5 Visas

What is the success rate of an EB-5 visa to the USA? Are the projects safe enough to invest in?

USCIS hasn’t shared the success rate of EB-5 Visas in a while. But based on past data from USCIS, the success rate of approval of I-526 petitions (The 1st step of the EB-5 process where in the investor gets a conditional green card after 526 approval) is around 80%. After 22 months of receiving the conditional Green card, the EB-5 petitioner can apply for an I-829 (permanent green card). The success rate of this was around 95% in the past.

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