EB-5 Cut-off Date May Have to be Established for China

The latest Department of State Visa Bulletin warns that a cut-off date for EB-5 Visas for Chinese citizens may have to be established.  This is not surprising due to the overwhelming number of Chinese citizens who apply for the EB-5 Investor Visa.  70% of current applicants are Chinese.

Approximately 10,000 EB-5 Visas are allocated each year for investors from around the world.  However, when the number of applicants from a particular country reaches a certain level, the Department of State establishes a cut-off date for that country.  When this happens, applicants can submit their green card petitions, but an immigrant visa or green card will not be issued to the applicant until his or her place is reached on a waiting list. 

Residents of countries that send many immigrants to America such as China, Mexico, India and the Philippines, often experience cut-off dates.  In some cases, waiting times develop only for family sponsored green card applications and in other cases it is for employment based green card applications. 

The EB-5 Investor Visa is awarded to foreigners who invest a minimum of $500,000 in a qualified, job-creating project in the United States.  The funds must have been lawfully gained.  To read more about the EB-5 Visa and other investor visas check out VisaAmerica.com.

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Written by Chris Jaensch

Attorney P. Christopher Jaensch received a Bachelor of Arts degree in History in 1992 and a Juris Doctor degree in 1995 from the University of Florida. While at UF, he was a member of Sigma Chi Fraternity, Phi Beta Kappa Society and Florida Blue Key, the oldest and most prestigious leadership honorary in the state of Florida.

Mr. Jaensch is a member of the Florida Bar, the American Immigration Lawyers Association (AILA) and the Sarasota Bar Association. He has served as President of the Sarasota-Manatee International Trade Club and served as Regional Vice Chair, Tampa Bay, for the Central Florida Chapter of AILA. He was a member of City of Sarasota Charter Review Committee and has been active in several local organizations, including the influential Laurel Park Neighborhood Association in downtown Sarasota.

Mr. Jaensch has over 18 years of experience in the field of immigration and nationality law and focuses his practice on four primary categories (a) investors and entrepreneurs, (b) business executives, managers and professionals, (c) amateur and professional athletes and coaches and (d) performing artists and immigrants with extraordinary ability.