The U.S. Department of State has now used the number of immigrant visas available for the Mainland-China-born EB-5 investors for the remainder of Fiscal Year 2016, which is set to conclude Sept. 30, 2016. Therefore, the National Visa Center (NVC) has temporarily suspended processing of immigrant visa applications for the Mainland China-born beneficiaries of approved I-526 EB-5 petitions, with processing expected to resume Oct. 1, 2016. During this suspension of processing, the ability to pay immigrant visa fee bills and complete or access immigrant visa DS-260 applications will not be accessible.
Section 203 of the Immigration and Nationality Act limits the number of immigrant visas available for each category, with approximately 10,000 set aside for the EB-5 immigrant investor category. This total number is further subject to per-country limits, and the immigrant visa availability for the Mainland China-born EB-5 investors is already subject to a backlog. As of Sept. 13, 2016, NVC has advised that immigrant visa numbers are no longer available in the current fiscal year for EB-5 mainland-China applicants under the limitation prescribed by law. The current fiscal year is set to end on Sept. 30, 2016.
The State Department has announced that additional visa numbers may still become available this fiscal year to mainland-China born applicants if the Department determines that the remaining visa numbers for fiscal year 2016 would be otherwise unused by other countries. In the meantime, NVC has been sending notices explaining this via e-mail and mail to those applicants affected by the suspension. The State Department has requested that applicants subject to the suspension in processing contact NVC only to report a change in contact information or change in eligibility for the visa.
For more information please subscribe to this blog as Greenberg Traurig will continue to provide updates.