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EB-5 – Positive Outlook for the rest of 2024. No retrogression expected:

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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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