Are you an Indian national interested in acquiring an EB-5 visa? Well, we have some exciting news for you! 2024 is shaping up to be a promising year for EB-5 investors with an abundance of visa availability. Industry experts project that more visas will be offered, providing excellent opportunities for dentists and doctors looking to secure their EB-5 visas. Keep reading to learn more about these exciting possibilities and what they mean for Indian nationals!
A Promising Year Ahead
According to the latest reports from industry insiders and immigration experts, the number of available EB-5 visas for Fiscal Year 2024 is expected to increase significantly. This positive development is welcome news for Indian investors who have been eagerly waiting for unreserved visa slots.
One of the key factors contributing to this increase in visa availability is the carryover provisions included in the EB-5 Reform and Integrity Act of 2022. Reserved visas from previous fiscal years, such as FY 2022 and FY 2023, that were not utilized during those years will now contribute to the unreserved pool of visas available in FY 2024. As a result, there will be a higher number of visas available for Indian investors.
It’s important to note that these additional visas for 2024 will benefit applicants from all countries. However, Indian nationals in particular can seize the opportunity to take advantage of this increase in visa availability by partnering with EB5 Doctors right away.
Increased Visa Availability
The USCIS Investor Program Office has implemented a system where investors are given approval codes directly related to visa allocation. This ensures a fair and streamlined process for visa distribution, maximizing the utilization of available visas. Additionally, the reserved visas from previous fiscal years are expected to remain current for at least the next eight months, allowing ample time for eligible individuals to file adjustment status applications.
Furthermore, the processing times for I-526 petitions based on rural investments are under a year, with some cases being processed as quickly as three to four months. This efficient processing time enables Indian investors to navigate the EB-5 program smoothly and receive their visas in a timely manner.
Navigating the Post-RIA Landscape
Post-RIA high-unemployment I-526 petitions are also starting to see approvals within 13 to 14 months, further indicating the positive outlook for EB-5 application approvals and processing times in 2024. This is excellent news for Indian nationals who are considering investing in projects that target areas of high unemployment!
Concurrent filing for adjustment of status alongside the I-526 petition is expected to be available for all countries in the first half of 2024. This streamlined process will simplify the application procedure and reduce wait times, benefiting Indian investors and other nationalities alike.
Conclusion
In conclusion, the availability of additional EB-5 visas for Fiscal Year 2024 brings great news for Indian nationals interested in pursuing this investment-based immigration program. With the projected increase in visa availability, you have an excellent opportunity to secure your EB-5 visa and embark on a new chapter in the United States. By staying informed and working with experienced professionals in the EB-5 field such as EB5 Doctors, you can navigate the process with confidence and achieve your immigration goals.
If you’re ready to take the first step, we recommend taking our qualification questionnaire to find out if you qualify for EB-5, and we’ll guide you from there!
This article is for educational purposes. In case of questions or doubts, please reach out to our team.
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