Recently, the U.S. Department of State Visa Office released the 2014 visa bulletin, which indicates that there is no visa retrogression for the U.S. EB-5 investment immigration visa yet. However, as the U.S. Citizenship and Immigration Services (USCIS) is currently processing applications from the first half of last year or earlier, Visatopia's U.S. immigration experts predict that by next summer, applicants for the EB-5 visa born in mainland China will likely face the first backlog in history. In addition, the U.S. investment immigration EB-5 Regional Center Pilot Program will expire on September 30 of next year. At that time, it remains uncertain whether the U.S. EB-5 Regional Center Pilot Program, which allows families to obtain U.S. Green Cards by investing 500,000 USD and creating 10 direct or indirect jobs, will be extended.
Visatopia's U.S. immigration experts believe that these two major uncertainties make the prospects for U.S. investment immigration even more unpredictable. Therefore, this is a critical period for U.S. EB-5 investment immigration, and many investors want to apply as soon as possible before potential policy changes such as backlogs occur. However, U.S. investment immigration carries risks, and investors can only ensure the success of their U.S. immigration by choosing high-quality EB-5 projects.
Visatopia was the first in the industry to propose that U.S. investment immigration has entered the "Selected Projects" era, and has recently grandly launched two high-quality EB-5 projects: the Pennsylvania Turnpike Project and the New York Liberty Garden Luxury Apartment Project, which share several major advantages:
Higher safety factor, lower risk factor: The developer of the New York Liberty Garden Luxury Apartment Project, Lightstone Group (Lightstone), is one of the largest private developers in the United States, with a 26-year history of success. In 2014, it was named one of the developers with the most development projects in New York City by the industry magazine The Real Deal; the Pennsylvania Turnpike Project has already received pre-approval from the U.S. Citizenship and Immigration Services, and is 100% government-owned, government-invested, government-managed, government-operated, government-borrowed, and government-repaid. The Pennsylvania Turnpike Commission borrows from EB-5 and repays unconditionally, enjoying an A+ rated government credit repayment guarantee.
Jobs created through construction calculations, with a high employment surplus: The New York Liberty Garden Luxury Apartment Project uses the RIMS II economic model to calculate employment. By calculating only the hard construction costs of the apartment, all employment requirements can be met. The total number of jobs created is 1551, and the employment surplus is 29%; the Pennsylvania Turnpike Project has an employment multiplier as high as 5.37 times, and the jobs have already been recognized by the U.S. Citizenship and Immigration Services.
Construction has already begun: The New York Liberty Garden Luxury Apartment Project has completed the demolition of the old building, and foundation construction began in August. It is expected to be completed in February 2016; the Pennsylvania Turnpike Project has already started construction and is expected to be completed in 2018. The Pennsylvania Turnpike Commission does not need EB-5 funds to start and complete the project.
Both of these major projects have set up genuine bank escrow accounts for EB-5 funds, and the EB-5 funds will only be released to the project after the investor's I-526 is approved.
The two high-quality EB-5 projects recommended by Visatopia have multiple guarantees for successful immigration and capital safety, attracting great interest from investors. Visatopia will help investors actively respond to the U.S. investment immigration EB-5 visa backlog and the expiration of the Regional Center Pilot Program, seizing the last opportunity before U.S. investment immigration policy changes. For project details, please call 400-138-2929
