On Saturday, August 23, 2014, Charles Oppenheim, Chief of the Department of State (DOS) Immigrant Visa Control and Reporting Division announced that as of that date the maximum number of E-B5 visas has been reached for China for FY2014. He made the announcement at the American Immigration Lawyers Association’s (AILA) 2014 EB-5 Conference in Chicago, IL. He stated that all China EB-5 applicants already scheduled for interviews for the rest of August and September still had EB-5 visa numbers allotted to them.
USCIS will continue to accept and process new China EB-5 cases but these cases will be held in the Visa Office’s “Pending Demand” file until October 1, 2014, the beginning of the new Fiscal Year (FY2015). All of China EB-5 cases held in the “Pending Demand” file will be processed under FY2015 limits. Please note that this announcement only affects the China EB-5 category.
Congress created the Immigrant Investor Program (EB-5) in 1990 for job creation and capital investment within the United States by foreign investors.