EB-5 immigrant petitions are at lowest levels in at least five years
Wait times for Chinese applicants are estimated to be as long as 15 years
Only 617 new EB-5 immigration petitions were filed with United States Citizenship and Immigration Services in the third quarter of 2018, the lowest quarterly figure for new applications in at least five years, according to data released by USCIS this week.
Last quarter, there were 1,607 applications and 4,402 a year ago. The drop comes as Chinese investors increasingly express their dissatisfaction with long wait times for visas.
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