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Annual Limit Reached in the EB-5 Unreserved Category for Fiscal Year 2024

  • August 20, 2024
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Sec. 203(b)(5) of the Immigration and Nationality Act provides that the annual limit for EB-5 visas is 7.1 percent of the worldwide employment limit, of which 68 percent is available for unreserved visa categories (C5, T5, I5, R5, RU, NU).

In addition to this, the EB-5 Reform and Integrity Act of 2022 specifies that any unused EB-5 reserved visas from FY 2022 may be made available in the EB-5 unreserved categories for FY 2024.

For the remainder of the fiscal year 2024, the U.S. embassies and consulates in India and worldwide may not be able to issue visas in the EB-5 unreserved category as all visas for FY 2024 have already been used.

The annual limits will reset on October 1, 2024 when the new fiscal year (FY 2025) commences. When this happens, the embassies and consulates may resume issuing immigrant visas in these categories to qualified applicants.

This official release can be found here.