[Data Analysis] EB-5 visa issuance monthly data updates for FY2023
The number of U.S. EB-5 immigrant visas officially allocated to global investors has been updated by the U.S. Department of State (DOS) at the beginning of September 2023.
Overall FY2023 EB-5 Visa Issuance (Consular Processing Only)
Earlier this week, the Department of State published the monthly visa issuance data for July 2023, shedding some light on the latest trends of EB-5 visa usage in FY2023.
With 874 EB-5 visas issued in July, the total number of EB-5 visas issued via consular processing in FY2023 (between September 2022 and July 2023) is 7,127.
According to the DOS, 13,987 visas are available for the EB-5 category in FY2023, with 9,511 visas available for the unreserved EB-5 category this year. Given the fact that over 30% of EB-5 visa numbers were used via Adjustment of Status in recent years, all the EB-5 visa numbers under the unreserved category available in FY2023 could have already been used by the end of July. DOS also confirmed that the employment-based visa number use is expected to reach the annual limit in its September Visa Bulletin.
Country-Specific EB-5 Visa Usage Trends:
Vietnam: 428 Vietnamese applicants received their EB-5 visas between September 2022 and July 2023, accounting for 6% of the worldwide EB-5 visa usage in FY2023 (through July). It’s worth highlighting that 101 EB-5 visas were issued to Vietnamese nationals in July alone, a big jump of 278% from the previous month.
Additionally, 396 and 231 EB-5 visas were issued to applicants from South Korea and Taiwan, respectively. These two investor markets rank as No. 4 and No. 5 in terms of EB-5 visa issuances in FY2023 (through July).
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