Despite US EB-5 visa issuance surge in FY24 so far, Indian applicants witnessed a 22% productivity decline

The US EB-5 program has been a highly sought-after gateway to American Green Cards for many, including Indian applicants. According to the Department of State's data, 512 EB-5 visas were issued to Indian applicants in FY24 so far, which accounted for a 22% productivity decline. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} According to USCIS, this investor program opens the doors for those seeking permanent residence in the US if they “Make the necessary investment in a commercial enterprise in the United States” and “Plan to create or preserve 10 permanent full-time jobs for qualified US workers.” {{^usCountry}} {{/usCountry}} The latest FY2024 numbers, between October 1, 2023, and May 31, 2024, have shown considerable growth in the overall issuance of EB-5 visas. EB-5 visa issuance numbers for Indian applicants According to the Department of State’s data, 7,173 EB-5 visas were issued through consular processing. For the FY2024 figures thus far, only 392 EB-5 visas issued to Indian investors were processed at the Mumbai Consular Office, which means that 120 Indian applicants who got their EB-5 visas during the first eight months of FY24 reside outside India.