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EB-5 Visa Updates from the U.S. Department of State

Guest of Honor Presenter: Charles Oppenheim

Chief, Immigrant Visa Control and Reporting Division, U.S. Department of State

EB-5 Number Use: China-mainland Born vs. Rest Of WorldFY 2014 – FY 2019*

*FY 2019 - Through April 2019

9,128(85%)

8,156(84%) 7,516

(76%)

7,567(75%)

4,342(47%)

2,234(44%)1,564 1,608

2,431 2,523

4,960

2,843

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 (throughApril 2019)

Issua

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+ A

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China - mainland born Rest of World

EB-5 Number Use By Top Countries Of Current Interest Other than China-mainland Born, FY 2015 – FY 2019*

0

100

200

300

400

500

600

700

800

Brazil China - Taiwan born India South Korea Vietnam

Num

ber o

f Iss

uanc

es /

Adj

ustm

ents

of S

tatu

s

FY 2015 FY 2016 FY 2017 FY 2018 FY 2019*

Annual Per Country Limit: approximately 705

*FY 2019 - Through April 2019

Number of EB-5 Applicants on Petitions Received at NVCCalendar Year 2016 – 2018

91159 150 148

348

773

292400

514 523

1,117

2,180

385470

963

696

1,693

2,119

0

500

1,000

1,500

2,000

2,500

Brazil China - Taiwanbon

India South Korea Vietnam Rest of World

EB-5

App

lican

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CY2016 CY2017 CY2018Note: - Rest of World data excludes China-mainland born, and those countries listed above. - Petitions for China-mainland born have dropped to under 10,000 applicants per-year.- The numbers above include all EB-5 applicants on petitions (principle investors plus any qualified family derivatives)

China -mainland

born Vietnam India S. Korea BrazilChina - Taiwan

bornRest of World

FY 2018 36.8% 26.3% 41.2% 35.8% 32.7% 36.9% 33.6%

FY 2017 36.1% 27.2% 42.0% 35.9% 29.4% 39.4% 34.0%

FY 2016 35.8% 27.2% 42.3% 34.2% 29.3% 34.5% 32.4%

FY 2015 35.2% 27.1% 36.0% 35.3% 35.3% 35.3% 33.5%

Average Percentage of EB-5 Principal InvestorsFY 2015 – 2018

Average Time (Days) Applicants Take to Become Eligible for Potential Interview Scheduling Once Notified by NVC to Submit Documents

Top Countries of EB-5 Number Use FY 2019*

Country* FY 2018 FY 2019*

China-Mainland 48.3% 44.0%

Vietnam 7.2% 10.7%

India 6.1% 10.0%

Korea, South 5.5% 8.8%

China-Taiwan born 4.7% 5.0%

Brazil 4.0% 4.8%

Venezuela 2.5% 1.8%

Hong Kong 2.1% 1.8%

Mexico 1.8% 0.8%

Russia 1.4% 0.7%

All Other Countries 16.4% 11.6% *Sorted by FY 2019 (as of April 1st, 2019) ranking

China - mainland born (2,234: 44%)

Rest of World (589: 11.6%)

Vietnam (542: 10.7%)

India (507: 10%)

South Korea (446: 8.8%)

China - Taiwan born (252: 5%)

Brazil (245: 4.8%)

Venezuela (90: 1.8%)

Hong Kong ( 90: 1.8%)

Mexico (40: 0.8%)Russia (35: 0.7%)

Otherwise Unused EB-5 Numbers(FY 2019 Estimated)

Example of determination and distribution of such numbers:

Annual Limit: 10,075 (can vary slightly) Per-Country Limit: 705

10,075 (Annual Limit)- 5 China (reduction for Chinese Student Protection Act)

- 705 India (at limit)- 705 Vietnam (at limit)- 5,000 All Other Countries (Estimated)

3,660 “unused” numbers (estimated) available for use by countries that reached their per-country limit in priority date order

EB-5 Applicants with Petitions on File at NVC and Estimated USCIS Applicant Data (As of April 1st, 2019)

Foreign State of Chargeability 2014 2015 2016 2017 2018

Actual Number of Applicants at

NVC*

Brazil 0 0 40 88 8 136

China-mainland born 4,800 14,057 7,558 5,629 125 32,169

India 0 0 127 320 94 541

South Korea 0 0 0 75 12 87

China-Taiwan born 0 0 0 50 2 52

Vietnam 0 0 80 477 7 564

Rest of World 0 0 200 512 38 750

Year of Priority Date

* Which will not be scheduled for an interview during FY 2019.

EB-5 Applicants with Petitions on File at NVC and Estimated USCIS Applicant Data (As of April 1st, 2019)

Foreign State of Chargeability

Actual Number of Applicants*

at NVC

DoS ESTIMATEDNumber of Applicants with Petition on File

at USCIS

Estimated Grand Total

Brazil 136 978 1,114

China-mainland born 32,169 17,368 49,537

India 541 5,310 5,851

South Korea 87 1,589 1,676

China-Taiwan born 52 1,334 1,386

Vietnam 564 4,705 5,269

Rest of World 750 7,574 8,324

* Which will not be scheduled for an interview during FY 2019.

Potential Wait Time (Estimated)* Until Visa Number AvailabilityIf the I-526 Petition IS FILED TODAY (MAY 6, 2019)

*These estimates cannot encompass all variables, such as dissipation from petition revocations, deaths, age outs, withdrawals, etc.; or increases from family "acquired" before visa issuance, possible legislation or other governmental action that might impact the amount of numbers available for use each year.

These could be considered worst-case scenarios and are not applicable to the EB-5 applicants whose I-526 petition has been filed before May 6th, 2019.

Wait time estimate is the number of years between the time an I-526 petition is filed on May 6th, 2019 and the time when an EB-5 visa is likely to be availablebased on current number use patterns. These estimates include the processing time of adjudicating an I-526 petition.