Back

The June Visa Bulletin: What It Means for the EB-5 Visa Program

June 13th, 2023 Kyle Behring

The U.S. Department of State released new details on the EB-5 Investor Visa Program in their June Visa Bulletin. This update provides new information, highlights ongoing problems, and points out good trends. Let’s break down the major points from this report and talk about the positive steps, the setbacks, and the serious issues.

Watch the June Bulletin video here

Good News in the EB-5 Program

The report has good news for people applying for EB1, EB2, and EB3 visas. These categories will stay stable for most countries until February 2024, except for India and China. There are also positive steps for Chinese applicants for the EB-5 visa, with more Chinese families able to start their visa applications and move closer to getting their green card between March 2023 and September 2023.

EB-5 Program Challenges

There are also challenges in the EB-5 program. Indian and international candidates for EB-2 visas face a rollback in visa processing dates. This means there have been three delays in the EB-2 Visa category for India this year, pushing the eligibility date back from December 2022 to January 2021. The EB-2 category is now nine months behind schedule.

Serious Problems in the EB-5 Visa Program

A big issue is the drop in the number of EB-5 Visas given to India from June 2023 to April 2023. This could mean India has reached its limit of visas for the year. According to the Visa Bulletin, the priority date will go back to June 2023 before the end of the fiscal year (September 30).

Getting an EB-5 visa can be scary because of the uncertainty, but hopeful applicants can make things easier by choosing a good project and getting advice from experts. Keep up with the latest news on the EB-5 visa program and stay positive on your journey to a U.S. green card. Even with these ups and downs, the EB-5 visa program remains a good way for investors and their families to get U.S. permanent residency. But, due to the complicated and changing nature of the program, it’s important to stay updated, get professional help when needed, and stay proactive throughout the process. Getting a U.S. green card may be a complex process, but it can also be rewarding when done right.

Categories
Consent Preferences