The immigrant visa backlog for EB-5 investors subject to the China quota threatens to undermine the EB-5 immigrant investor program. Chief amongst the many factors that have caused the formation of this backlog is the demand from mainland China that constitutes over 80% of investors. Unless and until remedies are created at the legislative and/or executive level causing the long waiting times, the ability to use the EB-5 immigrant investor program as an avenue for immigration will decrease.
In NES Financial’s recently released eBook, Navigating a Changing EB-5 Sector: Insights from Experts, Bernard Wolfsdorf, Joseph Barnett, and Robert Blanco of Medallion Partner Wolfsdorf Rosenthal look at current data released by the USCIS and the U.S. Department of State to demonstrate how the immigrant visa backlog for Chinese EB-5 investors has been created, in an article expanding on the above paragraph.
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