US EB-5 Visa Program Progress Offers Hope for Indian Applicants
The United States Department of State has provided encouraging news for Indian nationals pursuing the US EB-5 visa program. Recent data from the January 2024 Visa Bulletin indicates significant advancement in the processing of pending EB-5 applications, particularly for Indian citizens. The final action date for India has moved forward by two years, from December 2018 to December 2020.
This development brings optimism to Indian families and individuals who have been patiently awaiting approval of their US Golden visa applications in the EB-5 backlog. The Visa Bulletin serves as a crucial tool for applicants, helping them track visa processing progress and estimate wait times. The substantial shift in India's priority date suggests notable progress in visa distribution for Indian EB-5 applicants.
The "Final Action Dates" and "Dates for Filing Applications" guide immigrant visa applicants on assembling and submitting necessary documentation to the National Visa Center. As a result, all petitions submitted before December 1, 2020, are now eligible for available EB-5 visas, potentially expediting their approvals.
The EB-5 program, often referred to as the US golden visa, offers a unique path for foreign investors and their families to obtain permanent residency and Green Cards in the United States. To qualify for the EB-5 program, applicants must invest a minimum of $800,000 in a government-approved US real estate project that creates at least ten full-time jobs for US citizens. This development brings hope to Indian applicants seeking opportunities in the US through the EB-5 program.