U.S. President Barack Obama announced on the evening of the 20th (local time) in Washington the most significant U.S. immigration reform plan since he took office. Nearly 5 million undocumented immigrants will benefit from the new policy, among whom those who have lived in the United States for more than 5 years and whose children are U.S. citizens or permanent legal residents will be protected from deportation.
Obama stated that the new policy does not mean that the nearly 5 million undocumented immigrants can apply for U.S. citizenship or obtain permanent residency; it only means they will not be deported.
While "granting leniency" to this group of undocumented immigrants, Obama announced that more resources will be deployed to strengthen border security to strictly prevent further influxes of undocumented immigrants, especially to stop unaccompanied children from crossing the southwestern border into the United States, while simultaneously increasing efforts to deport undocumented immigrants with criminal records.
For the U.S. EB-5 investment immigration industry, investors are most concerned about the following two questions:
1. Will President Obama use this announcement to issue an executive order to change the annual 10,000 EB-5 visa quota to a per-family basis?
2. Will President Obama agree to allow U.S. Citizenship and Immigration Services (USCIS) to reuse previously unused EB-5 visa numbers?
However, in this speech, the interpretation of changing the U.S. investment immigration EB-5 quota was not included in the executive order; therefore, the visa retrogression that many investors are concerned about is still very likely to occur. Furthermore, the previously unused EB-5 visa quotas have actually already been utilized by other immigration categories and are unlikely to be reused. This undoubtedly serves as a signal to those who wish to pursue U.S. investment immigration that they must act quickly.
Worldway immigration experts believe that U.S. investment immigration retrogression is likely to appear in the spring or summer of next year, making it crucial to choose high-quality projects and apply as soon as possible. Following the successful approval of the 520 Bridge Bond project, for which Worldway was the exclusive lead agent, Worldway has launched the Pennsylvania Turnpike project, which is jointly invested by the U.S. federal and state governments and owned and operated by the state government. It has already received pre-approval from USCIS. The Pennsylvania Turnpike project is the first EB-5 project jointly promoted by a U.S. Congressman and a Chinese immigration agency since the enactment of the U.S. investment immigration EB-5 law, attracting high attention and popularity from U.S. immigration investors, creating a situation of near-frenzy buying.
The first phase of the U.S. investment immigration Pennsylvania Turnpike project is about to sell out and close. This is the final call—seize the opportunity! Please call the hotline at 400-138-2929.
Pennsylvania Turnpike Project Seminar
Qingdao
Time: Saturday, November 22, 2014, 14:30
Location: Room 2001, Merchants Bank Tower, 36 Hong Kong Middle Road, Shinan District, Qingdao
Shenzhen
Time: Saturday, November 22, 2014, 14:30-17:00
Location: Washington Hall, Worldway Shenzhen Office (Rooms 604-612, Excellence Times Square, 4068 Yitian Road, Futian District, Shenzhen, China)
Shanghai
Time: Sunday, November 23, 2014, 14:30
Location: 12th Floor, Standard Chartered Bank Tower, 201 Century Avenue, Lujiazui, Pudong, Shanghai
