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New data released by U.S. Citizenship and Immigration Services (USCIS) shows how the EB-5 Immigrant Investor Program is performing in Fiscal Year 2025. The third-quarter update, includes both pre-reform and post-reform EB-5 petitions for regional center and direct investors.

Overall, the data points to a strong rebound in EB-5 demand and a noticeable increase in USCIS processing activity following the implementation of the EB-5 Reform and Integrity Act (RIA).

Record I-526E Approvals in Q3 FY2025

During the third quarter of FY2025, USCIS approved 1,047 Form I-526E petitions, marking the highest number of quarterly approvals since the RIA took effect. This reflects a meaningful increase in adjudication output compared to previous years and signals growing momentum for regional center EB-5 cases. Higher approval levels are expected to support greater use of EB-5 visa numbers in the second half of FY2025, particularly in the rural and high-unemployment set-aside categories.

EB-5 Investor Demand Continues to Grow

Investor interest in the EB-5 program remains strong. In the first three quarters of FY2025 alone, USCIS received 5,089 EB-5 investor petitions, already exceeding the total number of filings received during all of FY2024.

What This Means for EB-5 Investors

The latest USCIS data points to a more stable and predictable EB-5 environment. Rising approval numbers, sustained investor demand, and high approval rates indicate growing confidence in the program following the RIA reforms.

As demand continues to increase, timely filings, careful project selection, and informed planning remain important considerations for investors evaluating EB-5 opportunities.

*USCIS Data link: https://www.uscis.gov/tools/reports-and-studies/immigration-and-citizenship-data