Recent updates in the EB-5 visa program indicate stability and a positive outlook for investors. According to the July 2024 Visa Bulletin, there are no changes in the cut-off dates for EB-5 visa categories. The final action dates for applicants from China and India remain at December 15, 2015, and December 1, 2020, respectively. Additionally, all reserved EB-5 categories continue to be “current,” with no anticipated retrogression throughout the rest of FY2024 and likely into FY2025 (IIUSA).
USCIS is enforcing the provisions of the EB-5 Reform and Integrity Act of 2022, which requires audits of designated regional centres at least once every five years. These audits ensure compliance and maintain the integrity of the program (USCIS). The Department of State (DOS) has also implemented measures to improve processing times and minimize delays, projecting no retrogression for any EB-5 visa categories for the remainder of the fiscal year.
Overall, these developments suggest a favourable environment for potential investors, with stable visa availability and streamlined processing expected to continue (IIUSA) (USCIS).
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