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ARTICLE · 19 SEPTEMBER 2025

EB-5 Unreserved Immigrant Visas Exhausted For FY 2025

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On Sept. 16, 2025, the U.S. Department of State (DOS) officially announced that all available immigrant visas in the Employment-Based Fifth Preference (EB-5) unreserved category...

United StatesImmigration
Natalie Gorelishvili
Natalie Gorelishvili

On Sept. 16, 2025, the U.S. Department of State (DOS) officially announced that all available immigrant visas in the Employment-Based Fifth Preference (EB-5) unreserved category have been issued for Fiscal Year (FY) 2025. The unreserved category does not include the set-aside visa categories enumerated under the EB-5 Reform and Integrity Act of 2022 (RIA), including the visas for high unemployment areas, rural areas, and infrastructure projects (the reserved categories) where the EB-5 investor filed the I-526 or I-526E Petition after March 2022.

The unreserved visas are capped annually under the Immigration and Nationality Act (INA). Specifically, INA 203(b)(5) allocates 7.1% of the worldwide employment-based visa limit to EB-5 visas. Of this, 68% is designated for unreserved categories, which include:

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