The State Department has published the July Visa Bulletin, which offers some insight into the waiting times for the EB-5 Immigrant Investor Visa Program. The most notable change in this month’s Visa Bulletin is that EB-5 Visa Priority Date for India has become “Current”.
What this means is that India is no longer in retrogression and EB-5 applicants born in India can progress to the next stage and schedule their visa appointment once they are approved.
At first glance this is exciting news and would appear to spell the end of the waiting list for Indians seeking an EB-5 Green Card. However, as we have cautioned before, this is likely to be artificial.
The probable explanation is that the rate of I-526 adjudications at the US Citizenship & Immigration Services (USCIS) has slowed significantly. Only after an I-526 has been approved can an applicant progress to obtaining a visa. So with fewer adjudications there is likely to be less demand at the National Visa Center, causing India to appear as “Current”.
With Covid-19 compounding the slowdown at USCIS, we will be keeping a close eye on the priority dates for you over the next few months.