India Headed for EB-5 Visa Backlog Once Again

Last week, the U.S. Department of State released the Visa Bulletin for October 2022, which has put EB-5 Indian nationals into a visa backlog for the second time. In other words, there are more Indian EB-5 applicants than visas available under the new fiscal year’s quota numbers.  The new cut-off date under the Final Action Date (aka “Chart A”) is November 8, 2019.  If the industry recalls (which we all probably want to put behind us!), this date is less than two weeks from the November 2019 deadline. In this episode, Mona and Rebecca discuss the details of the visa backlog, what this means for investors, options available for Indian-born applicants, and more!