Chinese applicants are no longer the only group suffering under the EB-5 program’s intractable retrogression nightmare; Indian and Vietnamese investors applying today can expect to
EB-5 Insights reports that, during a recent EB-5 industry forum, Oppenheim shared the following wait-time estimates for applicants that filed their i-526 forms – the initial petition to obtain a conditional visa – by the end of October:
China Mainland: 14 years
Vietnam: 7.2 years
India: 5.7 years
South Korea: 2.2 years*
Taiwan: 1.7 years*
Brazil: 1.5 years*
*As the current USCIS processing time for an I-526 is roughly two (2) years, there is no effective wait time between I-526 approval and visa availability.
Furthermore, for the first time in history, Chinese investors no longer make up an absolute majority of EB-5 visa recipients; in fiscal year 2018, the USCIS allocated 48% of such visas to mainland Chinese.
Vietnam reached its retrogression threshold – 7.1% of the 10,000 visas available per year – in early