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U.S. Department of State Expects Record Number of EB-5 Visas to be Issued in 2012

On July 11, 2012, Charlie Oppenheim, Chief of Visa Control at the U.S. Department of State issued data for EB-5 visa usage in fiscal year 2012.

The data shows that the top five countries using the EB-5 visa are:

  1. China – 3,710 EB-5 visas
  2. South Korea -335 EB-5 visas
  3. Taiwan – 106 EB-5 visas
  4. Venezuela – 82 EB-5 visas
  5. Iran – 69 EB-5 visas

The top 5 countries account for 89% of all visa issuance. 

As readers of this blog know, the EB-5 category allots 10,000 visas annually to immigrant investors through the EB-5 category.  With State Department predictions of approximately 6,200 to be issued this year, it appears that we may reach the EB-5 “cap” in the next few years, absent Congressional relief.  

©2020 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume II, Number 198

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About this Author

Kate Kalmykov, Greenberg Traurig Law Firm, New York and New Jersey, Immigration Law Attorney
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Kate Kalmykov focuses her practice on business immigration and compliance. She represents clients in a wide-range of employment based immigrant and non-immigrant visa matters including students, trainees, professionals, managers and executives, artists and entertainers, treaty investors and traders, persons of extraordinary ability and immigrant investors.

Kate has extensive experience working on EB-5 immigrant investor matters. She regularly works with developers across a variety of industries, as well as private equity funds on developing new projects that qualify for EB-5...

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