eb5

The new office is located in the consulate area in HCMC and will serve HNWI emigrating to the United States and other parts of the world.

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Cash and property gifts are common in some EB-5 markets. Attorneys explain the choices when that money cannot be traced back.

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Asia remains the dominant region for EB-5 visa issues, followed by South America. The number of allocations fell for India and Vietnam.

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Panelists stressed reviewing EB-5 project documents, assessing the status of developers and Regional Centers, and cautioned against deciding only on processing times.

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According to the State Department, these EB-5 application dates are not expected to change significantly before the end of the 2024 fiscal year.

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Notably, the data is outdated and does not include Form I-526/I-526E filing numbers over the past four months, says EB-5 attorney Joseph Barnett.

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They advise that the information must be more conclusive regarding a potential new backlog for I-526 petitions for High Unemployment Areas (HUA) projects

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The timeframe for when a visa becomes available for calculating the age of children about to age out in an EB-5 application was extended.

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Despite the grand opening of the Hudson Yard project in 2019, the EB-5 investors who helped finance it, pooling in about $1 billion, are still waiting for their money back.

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