As many of you might have seen, the July 2020 Visa bulletin was released a week ago and the big surprise was that the Final Action Date (FAD) for India born EB-5 applicants has become current again. Just a few months ago, it was retrogressed all the way back to 2017. Late last year, I had a chance to meet with Charlie Oppenheim, Chief of Visas at the Department of State. Mr. Oppenheim is the person who sets the visa bulletin every month after doing his magic calculations based on visa quotas and approved petitions. Continue reading “Visa bulletin July 2020: EB-5 India current again”
What is the EB-5 Visa?
The EB-5 investor visa was started in 1990 by the United States to spur economic growth by allowing foreign investors to invest in businesses in the United States. The program has undergone many changes since then and now in it’s current form requires an EB-5 Investor to invest $900,000 or $1.8 Million into TEA/Rural or Non-TEA projects respectively. Continue reading “EB-5 Investor Visa: A Tutorial”
With the social distancing measures taken by the Indian govt due to the novel coronavirus, the US Embassy & Consulates in India are cancelling all interviews in Indian consulates including Mumbai, New Delhi, Hyderabad, Chennai & Kolkatta starting March 16 2020: Continue reading “COVID 19 Alert: All EB-5 Interviews In India CANCELLED until Further Notice”
Often times, an EB-5 investor is a seasoned, savvy financial investor who has done well for themselves and because of that are now in a comfortable position to invest $900,000 USD in the EB-5 program. Continue reading “How do we help EB-5 investors like you?”
On Jan 29 2020, USCIS released a news update which will affect all future processing of EB-5 Visas. Specifically, the I-526 petition, which is the first stage of the EB-5 process will now not be processed in a First in First Out (FIFO) manner as has been previously done by USCIS. Continue reading “I-526 Processing changes to benefit new EB-5 investors”
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. Continue reading “March 2020 EB-5 Visa bulletin updates”
The January 2020 Visa bulletin is out today. The Final action date (FAD) for India has moved 4 months to May 1 2018 compared to Jan 1 2018 as per the December 2019 Visa bulletin. The FAD has moved very quickly in the last 5 months. Continue reading “India EB-5 Outlook Jan 2020”
For long time followers of the EB-5 program, this is getting a bit tired. For the past 4 years, the US congress has been just extending the EB-5 regional center pilot program for a short span of 6 months on average, setting up yet another episode of, will they, won’t they extend the program. Continue reading “Will EB-5 program expire on September 30 2019?”
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. Continue reading “Success rates of EB-5 Visas”