U.S. Runs out of Investor Visas again as Chinese Flood Program

Every fiscal year the United States sets a cap as to how many EB-5 immigrant investor visas can be issued; this is the second year in a row that the Chinese have over powered the amount of applications received.

Starting May the State Department will no longer be issuing any EB-5 visas to individuals residing in China, if you aUS Border Securityre looking to obtain a EB-5 you may be waiting another 2-3 years. The requirements involved in getting a EB-5 including being able to invest at least $500,000 and create 10 jobs in the U.S., there will only be 10,000 accepted each fiscal year.

 In 2014, 90% of the EB-5 visas were issued to Chinese Nationals, many rich individuals in China are looking to come to the U.S. for both personal and financial reasons. Although immigrant investors provide an important alternative source of financing in the U.S., there has recently been an issue of Chinese couples fraudulently obtaining visas through the EB-5 program.

Although it is too late for this year, don’t fret the next fiscal year begins September 30th, 2015.

About Fadi Minawi

Fadi primarily practices in US Immigration Law. He assists with matters relating to business immigration (including: relocation, expansion, investments, and work visas), litigation, admissibility issues, customs forfeitures and other cross-border issues. Fadi is also a criminal defense attorney and can assist with criminal matters in the US. Read more

The content and comments of this blog are not legal advise and and may not be accurate or complete. If you require legal advice, contact a licensed legal practitioner directly. If you post on this blog, you assume full responsibility for disclosing your identity to the public and VisaPlace nor its affiliates are not responsible for protecting your privacy nor your identity concerning your participation in our blog and you assume any risks in participating.

Customer Reviews

Great law firm with great staff. My lawyer Rania did a great job for my Canadian work permit and my daughters study permit. You are great in your work. And my Para Legal officer Alicea, you are just amazing. They did not rest until my job was promptly and properly done. Always there to answer my calls, reply my emails promptly. She tried her best and the results were amazing. I recommend visa place if you need the best immigration job. Many thanks to Rania and Alicea.

Charity Musaa month ago

Great firm on top of their game. Worked with us til the end to ensure my parents visa was approved and guided us along the way in a professional manor. Natalie is awesome. Majority of our communications were via email, but the responses were immediate. I would greatly recommend this firm. Thank you for all your hard work and help. My family and I do really appreciate it.

Daxesh Patel2 months ago

I am grateful for the legal services that I got from Sanaa and Alicea of Visa Place. I was impressed by their client centered approach. Their professionalism involved their hearts and heads to work on my case. I cannot compare the time they spent on it with the money I paid. All they wanted was a fine final document. I also liked their prompt communication. They are really passionate about what they do.

Theresie Nuwimanaa month ago

Associations