Estimated EB-5 Processing Times From The IIUSA EB-5 Industry Forum 2019
At the 2019 IIUSA EB-5 Industry Forum that ran from October 28-30, in Seattle, Washington, the Chief of the Visa Control and Reporting Division at the U.S. Department of State, Charles Oppenheim, provided the latest estimated EB-5 processing times (final action date predictions).
Here are the predicted wait times EB-5 investors may face for visas to become available if they were to file their I-526 Immigrant Petitions by Alien Entrepreneur on October 29, 2019:
Mainland China: 16.2 years
Vietnam: 7.1 years
India: 6.7 years
South Korea: 3 years
Brazil: 1.4 years
Taiwan: 1.9 years
This is a rough estimate because there are many factors that can change these predicted wait times such as visa demand, visa age outs, and possible legislative changes to the per country visa cap, to name a few.
Predictions for Mainland China, Vietnam, India and all other countries as well as comparisons from the last time Chief Oppenheimer made major predictions:
Mainland China
The December 2019 Final Action Date: November 15, 2014
October 2020 Final Action Date prediction: March 8, 2015 (best case) and February 15, 2015 (worst case)
How these predictions changed from those made in May 2019:
In May 2019, it was predicted that China would have an October 15, 2014 final action date in the best case scenario and October 8, 2014 in the worst case scenario.
Vietnam
The December Final Action Date: December 1, 2016
October 2020 Final Action Date prediction: June 1, 2017 (best case) and April 1, 2017 (worst case)
How these predictions changed from those made in May 2019:
In May 2019, it was predicted that Vietnam would have an December 15, 2016 final action date in the best case scenario and November 22, 2016 in the worst case scenario.
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