The U.S. Department of State has released the October 2024 Visa Bulletin, providing updates on the availability of visas in various categories. For EB-5 investors, the bulletin indicates that the final action date for China-mainland born applicants remains unchanged at January 1, 2016. The bulletin also shows that the final action dates for all other countries have advanced, with some categories seeing significant progress. The EB-5 program, which grants conditional permanent residency to foreign investors in exchange for job creation in the U.S., has been subject to significant backlogs and wait times, particularly for applicants from China. The latest visa bulletin is expected to impact the pace of processing for EB-5 applications from these applicants.
