According to the U.S. Citizenship and Immigration Services (USCIS) for fiscal year 2023 (2022.)10.1-2023.9.30) U.S. immigration application and processing data. Throughout FY 2023, a total of 2,149 groups of EB-526 I-526s were approved, and 9,527 groups had backlogs awaiting pending. At present, a total of 22,104 sets of I-526 have been approved by China and India, and are waiting for the visa quota to be backlogged. According to an average of 25 family sizes to calculate, has accumulated more than 5The 50,000 visas are waiting to be issued, which means that the old French EB-5 Chinese investors will have to wait at least another 7-8 years to get the visa.
The U.S. Visa Office (DOS) will announce the priority date of the month every month, as shown in the chart for the February 2024 U.S. Green Card Bulletin A. By country, Chinese investors can be allocated visas if they submit EB-5 applications on or before December 15, 2015. Under the new policy, EB-5 is the priority date C (current), that is, there is no priority date.
As of the fourth quarter of fiscal year 2023, 2,836 new Act I-526E submissions have been filed, averaging 2Calculated by 5 family sizes, more than 7000+ visas have been generated. According to data provided by the US*** and USCIS, 8,225 reserved visas are expected to be available in fiscal year 2024. At a historical approval rate of 83%, 2024 would consume most of the available reserved visas, and the EB-5 New Deal backlog would arrive as soon as the end of fiscal year 2024 or fiscal year 2025.
Due to the slow processing speed of USCIS, it is expected that there will still be no bulletin backlog in fiscal year 2024, and investors can still file double in the United States to obtain quasi-green card status for free entry, exit, work, and life. However, considering the possibility that Form B may be closed indefinitely, applicants who need it are advised to hurry up and submit it as soon as possible.
The number of I-526E applications in the quarter reached a four-year high
In the second quarter of fiscal year 2023, USCIS released the first I-526E approval data under the EB-5 New Deal. 495 applications were received in the second quarter of 2023; 649 applications were received in the third quarter.
According to the USCIS for the fourth quarter of fiscal year 2023 (2023.).7.1-2023.9.30) of the application statistics, signed cases: 888 cases, cumulative backlog of pending cases: 2,431 cases. with before.
Compared with the case submission data in the second and third quarters, the average quarterly growth rate reached 30+%, and the monthly case volume is expected to exceed 300 groups.
At the same time, the number of I-526E filings in the quarter also reached a new high since 2020. The increase reflects the recognition of the new EB-5 policy by investors around the world, whether it is to strengthen investor protections or improve the supervision of regional centers, the EB-5 employment-based immigration system has become more mature. The EB-5 program will continue to recover in the future, attracting thousands of investors from around the world.
chart：imi·source：uscis
From the perspective of demand, the United States, as the world's largest power, attracts applicants from all over the world with the benefits and advantages of American status. According to the analysis of the stock and growth rate of I-526E submissions of EB-5 applicants, the number of applications will increase explosively in the future. Combined with the currently available data on reserved visa quotas, although there is still no backlog on Billboard, it is not difficult to find that the official backlog of EB-5 projects in the TEA area under the new policy is not far away.
The bipartisan battle in the United States has created policy uncertainty
In 2024, the United States will usher in a new election, and the former Trump won the Republican Iowa primary election on January 15, local time, and won the first battle. During the campaign roadshow, Trump announced that he would make "fundamental adjustments" to the U.S. immigration program. These include measures such as ending the policies of the United States, denying entry to people with different ideologies, and carrying out illegal immigration deportations. These measures embody his policy ideas of "anti-immigration" and "America First."
Therefore, if he returns to power, some of the current relatively relaxed conditions for immigration to the United States may face an end, and various anti-immigrant requirements will make it more difficult for applicants with American status needs. In addition, due to the factors of competitive games, the Democratic Party may also impose some restrictive measures and policies on the immigration system in order to gain an advantage in the vote. While the operational and legal enforceability of these electoral policy commitments is highly questionable. However, EB-5 investors should be aware of the uncertainty that comes with U.S. immigration policy.
Although the results have not yet settled, the dispute between the two parties will inevitably have an impact on the immigration policy and adjustments, and investors should take precautions and seize the window period of the new deal. As long as the I-526E petition is filed before September 30, 2026, the U.S. Department of Homeland Security will continue to process the EB-5 petition even if the EB-5 Regional Center Act expires or is adjusted in the future, and will not suspend or deny the petition on the grounds that the Act is invalid.
In order to save valuable time and preempt the priority date, investors are advised to prepare supporting documents for the explanation of funds** as early as possible; The earlier the immigration application is submitted, the higher the priority date, and the higher the queue in the reserved quota in the future, so as to lock in the quota as soon as possible.