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.
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/.