One of the most significant changes brought about by the EB5 Reforms and Integrity Act of 2022 was the introduction of Reserve Visa categories for investment in certain qualifying projects. This development is excellent news for investors from countries like India, China, Vietnam, and others, where the queue for the EB5 and the waiting period for obtaining the Visa can be lengthy. Now, investors have the chance to jump the queue and expedite their move to the United States by investing in projects for which Visas are reserved.
How Does Visa Allocation Work?
The U.S. government allocates a limited number of visas to the EB5 program each fiscal year, distributing them among various countries. Presently, each country receives seven percent of the total allocated visas, regardless of its size. For example, if there are 10,000 visas allocated to the EB5 program, each country will receive 700 visas, including the main investor and their family members. If the number of applicants and their family members exceeds this allocation, they must wait in the queue until Visas become available, which is known as Visa retrogression.
Introducing Reserved Visa Categories
Under the new EB5 law, 32 percent of the total EB5 visas are now reserved for qualifying projects in targeted employment areas as follows:
- Twenty percent for projects in rural areas
- Ten percent for projects in higher employment areas
- Two percent for infrastructure projects
Benefiting from Reserved Visas
Investors from countries like India, China, Vietnam, and others can take advantage of this Reserve Visa opportunity by investing in projects that qualify for reserved categories, such as rural area projects, high-employment area projects, or infrastructure projects. By doing so, they can join a new Fast Track queue and avoid retrogression, receiving their visas as soon as their EB5 applications are approved. This will enable them to move to the United States expeditiously.
Act Fast for Limited Opportunities
However, please note that the number of visas available in the reserved category each year is limited and likely to be exhausted soon. If you are considering benefiting from these visas, we urge you to act promptly to secure your spot.
Explore Qualifying Projects with Acquest Advisors
To learn more about the projects available in these reserved categories and how you can expedite your move to the United States, click here and connect with us. Our team at Acquest Advisors is ready to assist you in navigating this incredible opportunity and making your dreams of living and working in the United States a reality.
Also, Check Out – How to avoid rejection of EB5 Visa application
About The Author
Paresh Karia is the CEO of Acquest Advisors, an investment and business immigration consulting firm based out of Mumbai, the financial capital of India. With over 15 years of experience in assisting entrepreneurs and investors in achieving their investment and immigration goals, Paresh is passionate about helping individuals make the USA their new home and fostering economic growth in the country.