EB-5 Visa Bulletin for May and June

The May and June visa bulletin has been released and is currently being reviewed by EB-5 industry stakeholders. These bulletins contain updated information on the allocation of visas for the EB-5 program since the reauthorization of the Regional Center program. On March 15, 2022, President Biden signed the Omnibus bill, which included the EB-5 Integrity and Reform Act of 2022 (“ESTUARY”) and subsequently reauthorized the EB-5 Immigrant Investor Regional Center program. The enactment of RIA provided the United States Citizenship and Immigration Services (“USCIS”) with the authority to proceed with the processing of EB-5 Immigrant Investor Regional Center applications. Since enactment, USCIS has announced that it has resumed EB-5 visa processing for all Regional Center applicants who filed before June 30, 2021. This means that since EB-5 visas are now being issued, it is It is important for potential investors to monitor the change in visa availability.

In accordance with RIA policy updates, the US Department of State has updated the visa bulletin to include information on set-aside (reserved) EB-5 visas. The bulletin indicates that of the EB-5 visas available, 20% has been allocated to rural investments, 10% to investments made in an area of ​​high unemployment, and 2% to investments made in infrastructure projects. Since USCIS has not officially started accepting EB-5 applications, all reserved visas indicate that the category is current for all nationalities, including mainland China and Vietnam. For nationalities that have a long backlog, such as mainland China and Vietnam, they could invest in a project located in a rural or high-employment area and receive their visas much sooner than the conventional EB-5 route (using visa categories). not reserved).

Once the reauthorization of the program was announced, there was a surge of interest from potential investors. The nearly 9 month suspension of the program created a huge demand from families looking to migrate west in search of better opportunities for their families. Some have raised concerns about the possibility of a backlog in visa availability once USCIS begins to fully process all applications in the system and new applications coming in. and the Integrity Act of 2022, USCIS now accepts EB-5 investor adjustment of status applicants with an approved or pending I-526 case.

Now more than ever it is important that potential investors align themselves with EB-5 consultants who are fully aware of the constant changes that occur within the program. Many exciting and positive elements have been introduced that will ensure faster access to the US and more protections for investors. Essentially, the program is better than it was before the reforms were introduced. Families still looking to participate in the EB-5 program should contact The American Legal Center team, where they will receive detailed information about the program and new applications.

Also posted on Medium.

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