Insights from the State Department: 10 Key Takeaways on the Latest EB-5 Data and Visa Processing from the 2024 IIUSA EB-5 Industry Forum

(Click here to read the full report in PDF)


IIUSA was honored to welcome Dr. Michael Hanley, a Data Scientist from the Immigrant Visa Control and Reporting Division at the U.S. Department of State, as the keynote speaker at the 2024 EB-5 Industry Forum in Atlanta, GA. During his presentation, Dr. Hanley shared the latest data on EB-5 visa, critical policy updates related to Set-Aside visa processing, and his predictions on future movements of EB-5 cut-off dates. IIUSA would like to extend special thanks to Dr. Hanley and the Department of State (DOS) for their continued engagement with the EB-5 industry.


Here is a recap of the ten key takeaways that we learned from Dr. Hanley’s presentation at IIUSA’s 2024 EB-5 Industry Forum:

  1. DOS expects that all Unreserved EB-5 visas to be fully used in FY2024;
  2. Nearly 40,000 EB-5 applicants registered at the NVC and are awaiting an EB-5 visa;
  3. Over 330 post-RIA investors registered at NVC, encompassing approved Set-Aside petitions for Rural, High Unemployment Area (HUA) and multi-categories;
  4. Set-Aside EB-5 visas began to be used in FY2024 for both Rural Area and High Unemployment Area (HUA) categories;
  5. EB-5 applicants are responding more promptly to submit required documents, and the scheduling of EB-5 interviews is faster in FY2024;
  6. Final Action Dates will remain current for all EB-5 Set-Aside categories during the remainder of FY2024 and likely throughout FY2025;
  7. The EB-5 Unreserved cut-off dates for China and India are expected to remain unchanged for the remainder of FY2024;
  8. Set-Aside investors with dual approval from USCIS must choose only one category for EB-5 visa processing;
  9. EB-5 petitions are now transmitted electronically between USCIS and NVC, significantly reducing the turnaround time for inter-agency processing; and
  10. Carryover visa numbers will be utilized prior to regular EB-5 visa numbers to maximize visa availability.


Click here to read the full report and detailed analysis.


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