【Latest News on U.S. Immigration】On August 24, the launch event for the New York Liberty Garden luxury apartment project, a U.S. investment immigration initiative, was held in Shanghai. Mr. Thomas Ashby, Managing Director of Investments at the developer, Lightstone Group, and Dr. Winner Xing, President of Worldway, were both in attendance to provide investors with the latest information on the project and U.S. immigration policies. Attendees not only listened attentively to the project introduction and the new U.S. policies but also engaged in in-depth discussions with the developer and the President of Worldway after the event, showing great interest and concern regarding the project and the new policies. Some participants remarked that attending the Worldway project briefing was highly rewarding, noting that Worldway’s analysis and explanation of the project were objective and authentic, truly prioritizing the client's perspective when selecting projects.
Shortly after the meeting began, the venue was filled with laughter. Mr. Thomas Ashby, Managing Director of Investments at the developer, Lightstone Group, who speaks fluent Chinese and jokingly refers to himself as a "Taiwanese son-in-law," used a humorous and accessible approach to introduce New York, the current status of the project, market prospects, and the developer's background, making the attendees feel as if they were standing right in front of the New York Liberty Garden luxury apartments.
Following this, Dr. Winner Xing, President of Worldway, announced the latest changes in U.S. immigration policy to the investors. On August 22, U.S. time, Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, announced at the American Immigration Lawyers Association conference that the U.S. EB-5 investment immigration visa has entered a period of retrogression. This means that visa processing for applicants born in mainland China is frozen until the start of the next fiscal year (Fiscal Year 2015) on October 1. This is the first time an annual retrogression has occurred for the EB-5 program since its inception in 1990. Worldway predicts that this news will inevitably trigger a new wave of EB-5 investment, leading to a surge in the number of applicants.
Stimulated by the arrival of the EB-5 visa retrogression, selecting a project and applying as soon as possible has become critical. However, the requirement under the U.S. EB-5 law that projects must be "at risk" has left many investors hesitant. What received high praise from investors at this briefing was the "5W Rule for EB-5 Projects" proposed by the President of Worldway. Rather than just giving fish, he taught them how to fish; Dr. Xing not only provided the latest U.S. immigration information but also shared the methodology for selecting U.S. immigration projects.
As the chief agent for the New York Liberty Garden luxury apartment project in Greater China, Worldway adheres to its consistent principle of carefully selecting projects and prioritizing client interests. The "New York Liberty Garden luxury apartment project" is one of the rare, high-quality EB-5 projects that utilizes an escrow account. EB-5 funds are held in an escrow account and are only released to the project after the I-526 petition is approved. Furthermore, the collateral guarantee for the repayment of these EB-5 funds exceeds 14.5 times the investment, with equity collateral exceeding 2.8 times and personal asset guarantees at 11.7 times.
Worldway believes that with the arrival of retrogression, investors must avoid rushing into project selection and neglecting rigorous due diligence and potential risks. "Expected retrogression" cannot be used as a new excuse for regional center projects to avoid using escrow accounts! For more details, please follow our WeChat account "Worldway Shanghai Immigration Company," our Weibo account "Worldway Shanghai Immigration Company," or call our toll-free consultation hotline at "400-0907-099." More events and information are available at Worldway Shanghai.
