Green Card Update: Visas Paused as US Hits EB-5 Cap for Indians
Summary
The U.S. government has used up all the investor green cards allocated for Indian applicants under the EB-5 program for this year. No new EB-5 visas for Indian nationals can be issued until the fiscal year resets on October 1, 2026.Key Facts
- The EB-5 visa is for investors who want to live and work in the U.S. by investing money in American businesses.
- The annual supply of EB-5 visas for Indian nationals has been fully used as of June 5, 2024.
- The U.S. State Department announced this visa cap on June 10, 2024.
- Indian applicants cannot get new EB-5 visas until the next fiscal year starts on October 1, 2026.
- U.S. embassies and consulates will stop issuing EB-5 visas to Indians until then.
- The fiscal year for visa allocations runs from October 1 to September 30.
- This pause is specific to the Employment-Based Fifth Preference (EB-5) category.
- The news is still developing and updates may follow.
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