EB-5 Filing Trends
Data current as of · Source: USCIS Quarterly Statistics
Where is EB-5 investment demand going? This page tracks I-526E and I-526 filing volumes by country of birth, TEA set aside category, and fiscal year. All figures are receipt counts sourced directly from USCIS published statistics. For processing outcomes, see approval rates and processing times.
Key Takeaways
- 1I-526E receipts grew from 320 (FY2022) to 4,620 (FY2024) to 4,829 (FY2025 YTD Q3), representing 14x growth since the program relaunch.
- 2Rural filings lead all set aside categories at 57.6% of FY2025 YTD receipts, with 2,781 petitions filed through Q3.
- 3China accounts for 52.9% of FY2024 I-526E filings (2,446 petitions), followed by Rest of World at 21.2% and India at 17.0%.
- 4I-526 Legacy receipts declined from 654 (FY2022) to 282 (FY2024) and reached 0 in FY2025 Q3, confirming the Legacy program wind down.
I-526E Receipt Growth
Since the EB-5 Reform and Integrity Act took effect in March 2022, I-526E filing volumes have surged. The chart below shows annual receipt totals (FY2025 is year to date through Q3).
14x growth from program relaunch to current year. FY2025 YTD Q3 receipts (4,829) have already exceeded the FY2024 full year total (4,620) with one quarter remaining.
TEA Category Breakdown (FY2025 YTD Q3)
I-526E receipts by Targeted Employment Area set aside category. Total receipts: 4,829.
Rural leads set aside filings. With 57.6% of FY2025 YTD receipts, rural projects are the dominant category. This contradicts the narrative that HUA projects dominate EB-5 demand.
TEA Category Comparison: FY2024 vs FY2025
Full year FY2024 compared to FY2025 year to date through Q3. Rural filings have already exceeded their FY2024 annual total.
| Category | FY2024 | FY2025 YTD | Direction |
|---|---|---|---|
| Rural | 2,305 | 2,781 | Exceeding annual |
| HUA | 2,232 | 1,906 | Tracking below |
| Rural + HUA | 18 | 52 | Exceeding annual |
| Infrastructure | 0 | 0 | Flat |
| Unreserved | 65 | 32 | Tracking below |
Source: USCIS I-526/I-526E receipt data. FY2025 covers Q1 through Q3 only. "Exceeding annual" indicates the YTD figure already surpasses the prior full year total.
Country of Birth Breakdown (FY2024)
I-526E receipts by country of birth for fiscal year 2024. Total receipts: 4,620. Country level data is available for FY2024 only; earlier years show totals only.
China remains the dominant source country at 52.9% of I-526E filings. India (17.0%) and the Rest of World category (21.2%) together account for 38.2%, reflecting diversifying demand beyond China. Taiwan (4.2%), Vietnam (2.5%), and South Korea (2.1%) round out the top filing countries. For visa availability by country, see the visa bulletin.
I-526 Legacy Wind Down
The original I-526 petition form has effectively wound down since the EB-5 Reform and Integrity Act replaced it with the I-526E for regional center investors.
No new I-526 Legacy petitions were filed in Q3 FY2025. The I-526 Legacy program has effectively wound down. Remaining I-526 Legacy cases in the pending inventory (1,248 as of Q3 FY2025) are being adjudicated but no new filings are expected.
Data Caveats
- Receipt data only for FY2022 to FY2024. Does not include approvals, denials, or pending for those years. For approval and denial statistics, see approval rates by year.
- FY2025 figures are year to date through Q3 (April to June 2025) and should not be directly compared to full year totals. Q4 data will be published when USCIS releases it.
- Country breakdown is available only for FY2024. Earlier years show totals only. USCIS has not published country level detail for FY2022, FY2023, or FY2025.
How this data was calculated
All figures are receipt counts as published by USCIS. TEA category breakdowns are sourced from the I-526/I-526E quarterly release. Country breakdowns are sourced from the I-526/I-526E FY2022 to FY2024 annual compilation. No adjustments, interpolations, or estimates have been applied. Percentages are calculated by EB5Status as receipts divided by total receipts for the period.