The U.S. Department of State's Visa Office has officially released the Visa Bulletin for the seventh month of the 2024 fiscal year, which is April 2024, for U.S. EB-5 investment immigration visas.
The latest results show that Table A remains unchanged, with direct investment project categories C5 and T5, as well as non-reserved regional center project categories I5 and R5, remaining at December 15, 2015. Table B remains unchanged, with direct investment project categories C5 and T5, as well as non-reserved regional center project categories I5 and R5, remaining at January 1, 2017.
It is worth noting that the EB-5 visa reserved categories (20% for rural area projects, 10% for high-unemployment area projects, and 2% for infrastructure projects) currently remain in a non-backlogged status. Applicants interested in immigrating to the United States should act quickly, seize the opportunity, join the queue early, get approved early, and benefit early!
Table A: Final Action Dates For Employment-Based Preference Cases
(Note: U.S. Consulate interview & USCIS filing of AOS status adjustment application)
Table B: Dates For Filing Of Employment-Based Visa Applications
(Note: For those legally residing in the U.S. and meeting relevant conditions, filing an AOS status adjustment application with USCIS)
In addition, USCIS has officially announced that Table B will remain closed for April.
Although the highly anticipated EB-5 visa reserved categories currently remain in a non-backlogged status, according to new data obtained by AIIA (American Immigrant Investor Alliance) from USCIS, urban high-unemployment area (TEA) projects for the 2024 fiscal year are already facing a severe backlog! (For details, please click on the previous report by Worldway: Is the EB-5 Roadblock Backlog Back?)
As of October 31, 2023, the number of applications for high-unemployment areas in mainland China reached 976. Assuming an average of 2.5 visa requirements per applicant family, the visa demand for urban high-unemployment area (TEA) projects is 5,305. Under the new act, EB-5 reserves 10% of the visa quota for high-unemployment area projects, which is 2,542 visas. Therefore, the available quota for urban high-unemployment area (TEA) projects in the 2024 fiscal year is -2,763, with demand far exceeding visa supply!
Currently, considering the quota, rural projects have more abundant spots, fewer applicants, and will receive priority processing from USCIS. Therefore, now is the golden period to quickly obtain status through the EB-5 non-backlogged channel. It is recommended that families with immigration intentions seize the opportunity, choose high-quality rural projects, submit applications as soon as possible, obtain green cards with priority, and start their American life journey.
If you would like to learn more about U.S. immigration issues, you are welcome to come to the site for face-to-face communication with industry leaders. Jennifer Hermansky, a partner at GT Law, one of the top three well-known U.S. law firms, will provide you with professional answers. Spots are limited, please book early.
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