The US EB-5 immigrant visa is the shortest path for Vietnamese investors seeking residency to achieve a US Green Card. So, how long does the process take? Let’s explore in detail with IMMIGRATION GLOBAL in the article below.
The EB-5 application process consists of two stages: I-526 (before moving to the US) and I-829 (after moving to the US).
Stage I – 526
The total time from preparing to submit the I-526 application to receiving the EB-5 visa to move to the US is approximately 3.5 years on average. However, the wait time for investors depends on whether the visa allocation for their home country is available or exhausted at the time their I-526 application is approved.
The US government allocates nearly 10,000 visas annually for the EB-5 program. Each country cannot receive more than 7.1% of the total visas, roughly 700 visas per year. If the visa quota for that year is exhausted by the time the investor’s I-526 application is approved, they will have to wait a few more years in the order of their application submission. This situation often occurs with countries leading in the number of EB-5 applications, such as China, India, and Vietnam.
EB-5 Visa Status
To know the EB-5 visa status of their country, investors can follow the visa bulletin published monthly by the US Consulate. For instance, in the July 2023 visa bulletin below, Vietnam is listed under “All Chargeability Areas Except Those Listed” with the ability to apply for an EB-5 visa as “C” (Current), meaning visas are available and there is no waiting time. Meanwhile, China is being processed for applications submitted before January 1, 2016, and India for applications submitted before December 8, 2019!
Since July 2022, Vietnam has not had to wait for visas. However, this favorable period will not last indefinitely. Whenever the number of EB-5 applications from Vietnam exceeds the quota, the waiting situation will return.
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