Visa Bulletin July 2024: Update on EB-5 Program filing and final action dates
The recent U.S. Department of State visa bulletin confirmed that the filing and final action dates for EB-5 visa applications will remain unchanged in July, except for citizens of India and mainland China. Here are the details.
The filing and final action dates for the EB-5 visa have remained unchanged for July, according to the U.S. Department of State visa bulletin.
As previously mentioned, the Federal EB-5 Program was created by the U.S. Congress in 1990 with the aim of stimulating the U.S. economy through job creation and capital investment by foreign investors.
This program allows investors from around the world to obtain a Green Card (Permanent Residence) if they invest in a U.S. commercial enterprise and create or preserve at least 10 jobs for U.S. workers.
Filing and final action dates: What do they mean?
Filing date
The filing date indicates when applicants can start gathering and submitting their EB-5 forms and documentation to the National Visa Center (NVC) for processing.
It is a crucial step, as it allows applicants to organize their documents and meet the requirements before a visa becomes available.
Final action date
On the other hand, the final action date determines when an EB-5 immigrant visa is available for investors who have already begun their applications.
This date is essential because it marks the moment when a visa can be issued and the applicant can proceed to the final interview and, eventually, obtain permanent residence.
Analysis of the July Visa Bulletin
Asia, except India and Mainland China
For July, the filing and final action dates for EB-5 visa applications remain unchanged for all countries except India and mainland China, as well as the Unreserved category. This means that applicants from most countries can proceed with their applications without facing additional delays.
Dates for investors from India and China
For EB-5 investors from India and China in the unreserved category, the dates are as follows:
India:
- Filing Date: December 1, 2020
- Final Action Date: April 1, 2022
China:
- Filing Date: December 15, 2015
- Final Action Date: January 1, 2017
These dates reflect the prolonged wait times and high demand for EB-5 visas in these two countries. The long wait can be attributed to the high demand for these visas and the limited number of visas available annually.
Importance of the EB-5 Visa Bulletin
The Visa Bulletin is a crucial resource for EB-5 investors and their immigration attorneys.
This document not only informs about the availability of immigrant visa numbers for the EB-5 category but also outlines specific periods in which investors can submit their green card applications.
Staying informed with this bulletin allows applicants to plan their investments and immigration procedures appropriately.
The July visa bulletin underscores the importance of keeping up with updates and adapting to changes in immigration policies, thereby ensuring proper planning and successful execution of EB-5 visa and other category applications.
