Recently, news from USCIS indicates that the second stakeholder meeting of the year has been held, focusing on the theme: "EB-5 Immigrant Investor Program Regulatory Changes." Various signs suggest that the USCIS's attitude towards EB-5 reform has become quite clear.
Although it is not yet clear what specific aspects the reforms will involve, recent trends in the approval of U.S. investment immigration applications indicate that the USCIS is gradually strengthening several areas, including standardizing the approval process, deepening project supervision, and controlling entry thresholds. In light of the frequent signals of change in the U.S. EB-5 program, WorldWay Immigration experts advise investors to prepare early, as applying for EB-5 investment immigration should be done promptly.
In the foreseeable future, the number of applicants for U.S. investment immigration is expected to surge dramatically. This means that even if an EB-5 application receives approval from the USCIS for the I-526, applicants will still face visa backlogs once the U.S. Department of State's limit of 10,000 visas is exhausted. Once backlogs occur, Chinese investors, who have accounted for over 85% of EB-5 applications in recent years, will be the first to be affected. If the outcome of the reforms results in tightened policies such as increased investment amounts, the path taken by Canadian investment immigration in recent years will serve as a cautionary tale.
Faced with the vast number of EB-5 projects available, which vary in quality, how should investors choose projects that meet the criteria for expedited immigration? WorldWay Immigration experts believe that the risk level of an EB-5 project is determined by the project itself. For example, the Cleveland Phase III EB-5 Bond Project, which is currently being actively promoted by WorldWay, is a bond issued specifically to EB-5 investors by a U.S. government agency. It undergoes due diligence on the project party and supervises the use of funds and project implementation; the bond issuance is regulated by relevant securities laws and the Securities and Exchange Commission, ensuring high transparency and significantly reducing uncertainties and potential malpractices during the operational process. The project repayment is executed through bond redemption, which is more reliable in terms of certainty.
WorldWay Immigration experts also point out that the Cleveland Phase III EB-5 Bond Project has a strong background, as the Cleveland International Fund Regional Center was awarded "Best Regional Center of 2013"; all past projects from this regional center have been successfully approved. As a third special bond project issued by a U.S. government agency, the Cleveland Phase III EB-5 Bond Project aims to replicate the success of the first two phases.
Currently, the Cleveland Phase III EB-5 Bond Project is in the later stages of promotion, with limited slots remaining. Investors interested in immigrating to the United States are encouraged to consult promptly to seize the opportunity.
Beijing Company
"Cleveland Phase III EB-5 Bond Project" Information Session
Date: April 26, 2014, Saturday, 14:30
Location: 8th Floor, Building A, Yuanyang Guanghua International Plaza, No. 10 Jintong West Road, Chaoyang District, Beijing
Reservation and Consultation Hotline: 400-138-2929
