China is the top source country for most immigrant investors applying for the EB-5 Investor Visa. According to the Department of State, the interest of Chinese investors in the EB-5 Visa dropped significantly between June and July 2021. Meanwhile, the Senate has refused to reauthorize the EB-5 Regional Center Program.
How Were Chinese Applicants for the EB-5 Visa Affected?
According to the Visa office, around 408 EB-5 related Visa applications were issued to mainland-born Chinese in June. In July, that number dropped to 129, a decrease of around 70%. The State Department maintains different records for applicants from Mainland China and Taiwan. There are a lot more EB-5 applicants from Mainland China compared to Taiwan.