Surging Interest from Chinese Nationals
US media recently pointed out that due to the surging interest from wealthy Chinese individuals, the US EB-5 program is at risk of being "overwhelmed." Currently, the number of applicants is so high that the US government's quota may not be sufficient.
US government data shows that over 80% of EB-5 visas are issued to Chinese residents, whereas this figure was only 13% a decade ago. This means that nearly 6,900 EB-5 visas were issued to Chinese nationals last year, significantly exceeding the number in 2004 (16). A senior immigration attorney stated: "The program has become so popular in China that the first thing anyone says when they hear I am an immigration attorney is—'Can we apply for an EB-5 visa?'"
EB-5 Visas Under 'Immense Pressure'
The annual quota for EB-5 visas is 10,000, which includes visas issued to the investors' spouses and children. It is reported that there are currently 7,000 applications in the queue. If half of these are approved, combined with the two family members each investor brings, the EB-5 visa program will easily exceed its annual limit.
Industry insiders state that for wealthy Chinese individuals, the opportunities in the United States are highly attractive. A Green Card allows them to send their children to university, escape severe pollution, and enjoy a higher quality of life. Furthermore, the EB-5 visa is relatively more affordable than other ways to enter the United States. "Compared to other countries, this price is very reasonable. For example, Australia requires an investment of $4.5 million, which is nine times the minimum requirement in the United States." The relatively low cost makes the EB-5 visa program a viable option for an increasing number of Chinese people, especially as family wealth continues to grow alongside China's booming economy.
Selecting the Right Project is Key to Investment
Currently, the number of US investment regional centers has increased to over four hundred, and there are countless investment projects each year. The mix of high-quality and inferior projects increases the difficulty for investors to screen for the best options. Worldway Group immigration experts state that carefully selecting a US immigration project can significantly reduce investment risks. The Cleveland Government Bond project currently being promoted by Worldway Group is strongly supported by the Port Authority (the largest interstate government agency in the US). With its prominent advantages, it is a rare and stable project in the US immigration market.
