Good news for American EB-5 Golden Visa applicants from India

Good news for American EB-5 Golden Visa applicants from India

Good news for Indian nationals who are keen to settle in America after applying for the US EB-5 visa program.

The United States Department of State has released data that indicates significant progress in the processing of EB-5 applications that are currently pending, especially those from Indian citizens. According to the January 2024 Visa Bulletin, final action date for India has advanced by two years, from the previous December 2018 to December 2020.

The Visa Bulletin, which serves as a roadmap, assists applicants in tracking visa processing progress and estimating probable wait times. The significant increase in India’s priority date from 15 December 2018 to 1 December 2020 suggests significant progress in visa distribution for Indian EB-5 applicants.

Final Action Dates” and “Dates for Filing Applications,” indicaties when immigrant visa applicants should be notified to assemble and submit required documentation to the National Visa Center. As a result, all applicants who submitted their petitions before December 1, 2020, now have access to available EB-5 visas, making their EB-5 applications eligible for approval.

The fiscal year 2024 limit for family-sponsored preference immigrants is 226,000 The worldwide level for annual employment-based preference immigrants is at least 140,000.The per-country limit for preference immigrants is set at 7% of the total annual family-sponsored and employment-based preference limits, i.e., 25,620.

The EB-5 program or the US golden visa, provides a special road for overseas investors and their families to seek permanent residency and Green Cards in the United States. To be eligible for the EB-5 program, applicants must invest at least $800,000 in a government-approved real estate project in the United States that would create at least ten full-time jobs for US citizens.