EB 5 Visa Freeze For Chinese To End on October 1st With The Release Of A New 10,000 EB-5 Visa Allotments
Los Angeles, CA (PRWEB) September 10, 2014 -- In past years, when China exceeded their allotted 7% allocation of US Immigrant Investor Visas (EB-5 visas), Chinese applicants have been permitted to take advantage of the unused EB-5 visas that were allotted to other countries. But as of the last week of August 2014, the US State Department decided that the issuance of new EB-5 visas to Chinese applicants will be frozen or “retrogress” (move backward) until October 1, 2014, when the new fiscal year begins.
On October 1, 2014, a new visa quota of 10,000 EB-5 visas (for all countries) will become available for the next fiscal year through September 30, 2015. China will once again be allotted 7% of these visas, however experts and inside sources are expecting that Chinese investors will be permitted to access visas unused by other countries in accordance with practice over the past 3 years. This means that the 10,000 visa cut-off date likely will be reached much earlier in the fiscal year ending September 30, 2015.
The team of attorneys and investment specialists at EB-5 Service have had a 98% success rate in providing EB-5 visas to Chinese citizens. EB-5 Service maintains a staff equal to no other in the EB 5 visa space.
Potential EB-5 visa candidates need to call EB 5 Service immediately at (323) 924-9059 to make sure that they secure their EB-5 investment visa in 2015 before they are all taken. EB-5 Service’s website is at http://www.eb5service.com/.
Media services, AAC, +1 (310) 498-9303, [email protected]
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