
EB-5 Filings Surged in 2025, but the Fine Print Tells a Murkier Story
Regional Center filings surged 38% year-on-year; direct petitions remain marginal with a 58% denial rate.

Regional Center filings surged 38% year-on-year; direct petitions remain marginal with a 58% denial rate.

3,172 approvals and nearly US$1B in deposits and property; MM2H’s rebound from its disastrous 2021 overhaul is now quantifiable.

One rule change in March 2025 triggered a 440% monthly surge. The numbers since make the first year look like a different program.

Americans lead investor visa surge as New Zealand’s growth category draws bulk of applications since April reforms.

São Tomé citizenship applicants span 27 countries from Russia to Venezuela. The program averaged 20 submissions monthly since launch.

Sao Tome has issued its first passport, approved over 25 files, and is gaining global appeal. NTL Trust examines the statistics behind the program.

Backlog fell over 4% between October and November as Greece completes 88% of 2023 applications and half of 2024’s submissions.

Italy’s investor visa applications doubled in the past two years, and one CEO believes that 1,000 applications annually is a real possibility.
50% of industry executives doubt Caribbean CBI states will enforce 30 day stays and 75% expect new CBI programs in 2026.

2025 brought unexpected twists in the RCBI world, with once-dominant programs slipping and new contenders rising fast.

Half of firms in the 2025 Investment Migration Executive Survey say Americans are their fastest-growing client group.

Fewer files, richer returns. Grenada’s CIP earns record revenue per investor even as intake slows.

Indians and Americans are the largest nationality pools to date, and 27 registrations came from within Botswana.

Greece is on track for about 8,600 applications in 2025, and the backlog has fallen by 4,612 applications since the start of the year.

The Saudi Premium Residency program approved 8,000 residents in 2024. Real estate agent Mohammed AlWahhabi said foreign residents seeking “stability and freedom” are driving the surge.

Real estate investment has rebounded, and Turkish applicants lead. Latvia is on pace for its strongest year since 2021.

Following its 2024 overhaul, MM2H posted an 84% boost in inflows, including RM237 million in property and RM597 million in deposits.

Four programs cut processing times in Q2 while others experienced longer waits, creating wider performance gaps.

Fewer dollars came in, but real estate kept Grenada’s citizenship by investment program moving in Q1 2025.

Greece improves golden visa processing times, cuts down backlog, yet remains on track for 6th consecutive record year.