Thursday, June 9, 2016
July 2016 Visa Bulletin Update: China EB-5 Visa Numbers Grind to a Halt – The Waiting Line Gets Longer
(Source: Wolfsdorf Rosenthal) The U.S. Department of State (“DOS”) just released the July 2016 Visa Bulletin, and the China EB-5 cut-off date remains frozen at February 15, 2014. While the numbers have never retrogressed (meaning gone backwards), the slow crawl has come to a halt. Below are five observations on the July 2016 Visa Bulletin: For the first time since August 2015, the priority date for EB-5 visas did not move forward. Instead, as indicated in the June 2015 Visa Bulletin, visa numbers have only been authorized for those Chinese EB-5 investors whose approved Form I-526 was filed prior to February 15, 2014, as indicated by Chart A – Application Final Action Dates, now creating a 28.54 month wait. How will this affect children who may potentially “age out” due to the EB-5 Chinese waiting line? Read complete article.