11/28/2012 09:39:27 AM EST
A Cut-Off Date for Chinese EB-5s?
"Charles Oppenheim, the Chief of Visa Control at the U.S. Department of State, recently announced that if EB-5 visa usage for Chinese nationals continues to grow, the issuance of EB-5 immigrant visas for Chinese investors may slow down sometime in the second half of fiscal year 2013. As demand continues to increase we can expect to see a quota waiting line appear during the period April 2013 until October 2013. Chinese EB-5 investors with approved petitions should do everything possible to move up their final interviews and avoid any delays, or they may be stuck in this new waiting line. This would be the first time in the over 20 year history of the program that a cut-off date will have been established in the Employment Fifth Preference category." - Bernard P. Wolfsdorf and Minjie Xu, Nov. 26, 2012.