9
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Month 14
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On [date], the American Immigration Lawyers Association [issued a statement regarding ] EB-5 [documents /policies].
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Committee Chairman H. Ronald Klasko
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A prominent lawyer attended the Pennsylvania Expressway Beijing launch event hosted by WorldWay to discuss the currently hotly debated EB-5 investment immigration program in the United States.
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The article analyzes the quota backlog and scheduling issues and proposes several suggestions. The following is a summary of the event by H. Ronald Klasko.
Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font:
The content of the barrister's speech.
H. Ronald Klasko Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Barrister:
the EB-5 program. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Regarding the scheduling issue, it is expected that the processing time may be as low as 2015. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: It occurred at some point in the year.
Winner Xing, President of WorldWay. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Dr. Xing, I meet and have many conversations with Dr. Xing every time I come to China. I am also very grateful to Dr. Xing for giving me this opportunity to share some of the latest developments in U.S. immigration law.
Stock & Seltzer. Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-fontfamily:Calibri;mso-hansi-theme-font:minor-latin">is one of the largest investment immigration law firms in the United States. I myself have 31 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: My law firm has over 20 years of experience in investment immigration law. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Five of them are full-time investors in immigration, including five. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: I am fluent in Chinese. Over the past year, hundreds of Chinese investment immigrants have entrusted me with their EB-5 applications. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Investment immigration programs. Of course, besides representing investors in filing cases, I also hold other positions in the industry, such as serving on the committee of the American Immigration Lawyers Association for four consecutive years. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The chairman of the minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">position. The main role of this position is to better communicate with the U.S. Citizenship and Immigration Services and coordinate on newer immigration laws.
EB-5? mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The issue of visa processing times. Actually, we've been monitoring the investment immigration quota for the past two years. However, the recent announcement of a visa suspension has made it a hotly debated topic. So, what is the impact of this event on investors? Let's share our thoughts.
from 1990 mso-fareast-font-family:宋体;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family: Starting with Calibri;mso-hansi-theme-font:minor-latin">, the US Congress began to address the EB-5 program. mso-fareast-font-family:宋体;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family: The Calibri investment immigration visa has a quota, with 10,000 visas allocated annually. This quota refers to individuals, not families. However, since each family typically has several members, the actual number of visas available for allocation each year is approximately 3,500 . mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Most visas are used by family members of the main applicant.
Formerly EB-5 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The number of applicants is not large, and these 10,000 slots are more than enough. However, due to the recent years, EB-5... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: As investment immigration becomes increasingly popular, this is the first time a visa quota shortage has occurred, and the situation is expected to worsen in the coming years.
8 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: At the end of the month, the State Council announced the 2014... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin"> EB-5 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The visa quota has been used up. In reality, this will not have a significant impact on investors this year, as the US federal government's fiscal year ends in September each year. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Month 30 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: On the 10th, the quota being used up will only affect the period of about a few weeks to a month, and the annual quota is 10. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Month 1 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Daily New 1 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The 10,000 slots will be redistributed. But this gives us a clue: it may happen as soon as 2015... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: In the spring and summer of that year, the quota may be used up again, and from then on, a waiting list will be established, meaning that visas will need to be allocated through a queueing process.
EB-5. mso-fareast-font-family:宋体;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family: Calibri;mso-hansi-theme-font:minor-latin">Investment, it does not affect your investment behavior. Similarly, you can also make an I-526. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The application will then proceed as planned by the U.S. Citizenship and Immigration Services (USCIS). The real difference and change occur after you receive your I-526 petition. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: After approval, if there is no backlog, the next step is immediately to apply for a visa, obtain visa approval, and then travel to the United States to receive a conditional green card. However, if a backlog has started, then you will need to obtain an I-526 petition. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: After approval, you'll wait for a period of time until a quota becomes available to apply for a visa and obtain a conditional green card. This leads to two questions: First, when does the waiting list begin? Second, how long does the waiting period typically take? To date, no one can give you a precise answer.
EB-5 visas are issued each year. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The investor application is incomplete. Secondly, it's unclear how quickly the USCIS processing time is. Thirdly, the USCIS I-526 application is unknown. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: How many cases are rejected? Finally, it's unknown how many investors will be rejected during or after the EB-5 approval process. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Exiting from investments in minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">. While we cannot give an exact answer, I can offer a reference based on my experience. I anticipate the visa bulletin will be issued in 2015 . mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 5 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">, 6 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The waiting time is approximately one month, but once it enters the backlog stage, the waiting time could be at least two years.
2012?
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 11
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">month, meaning any month in 2012
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 11
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Apply for I-526 before [month].
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Investors whose applications are approved can immediately receive a quota, proceed to an interview, and obtain a visa. If your application was submitted in 2012...
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 11
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Even if you have obtained I-526 after [month],
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Your application has been approved, but because you applied after the visa bulletin date, you cannot have a visa interview or submit your application at this time. The visa bulletin date is updated monthly on the U.S. Department of State's Visa Bulletin. For example, last month's cutoff date was 2012.
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 11
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The deadline for next month might be 2012.
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">Year 12
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minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">month, or another later date. If you are in November
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If you apply for a visa in the current month, you might get a spot next month. Therefore, the actual priority date might be the same as when you apply for your I-526.
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The number you receive when applying for a minor application generally places you closer to the front of the queue the earlier you submit your application. It's predicted that the queue will get longer in the future, so applying as early as possible is always better.
9 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The latest U.S. State Department visa bulletin for [month] shows that for other investment categories, such as the employment category, applicants from mainland China have already been on the waiting list up to 2005. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The dates are even earlier than those in the minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">years. But EB-5 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Investment applications have not yet entered the waiting list.
I-526... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: During the minor-fareast period, as long as the child is not older than 21 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Your child's age will be frozen at the time of application; whatever age they are at the time of application will be their current age. For example, if your child is 20.5 years old at the time of application... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: If he is minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">age, then his total age during the application period would be 20.5. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">age. So, assuming a backlog has started, what are the impacts? First, in applying for I-526... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: During the minor-fareast period, the age freeze is the same. The difference lies in what happens afterward. If there is no backlog, I-526 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The child's age remains frozen after approval. If a backlog occurs and there are no available slots, the I-526 will be processed. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: After your minor-fareast visa is approved, your age will begin to increase until the next financial year. Once a new quota begins and you successfully obtain one, the child's age will be frozen again. The ultimate consequence is that when you apply for a visa, if your child is over 21... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: If he is over 30 years old, he may not be allowed to obtain an immigrant visa along with the principal applicant.
21 years old. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: If you apply before the age of 21, your age will not be an obstacle to obtaining a visa in the future. However, once you enter the waiting list, those approaching 21 years old... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">applying for I-526 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: If approval is granted but there are no available slots for an interview, the child's age will increase, potentially exceeding 21. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: If a person is under 30 years old, it is possible that they will not be able to obtain a visa with their family during the interview.
18 years old. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Apply when the child is under 19 years old. If the child is already 19... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">, 20 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: He's already 30 years old, so it's best to have him as the principal applicant. If he's the principal applicant, there won't be any age issues. He can obtain a visa at any age in the future.
November... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">, 12 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: During the month of [month], the US president is very likely to pass an executive order to allocate 10,000 slots to 10,000 families. If each family has approximately three people, this would immediately triple the actual number of slots. However, if Obama does not issue such an executive order, a backlog is expected to begin next spring or summer, and we will have to face this problem for a long time to come.
EB-5... mso-fareast-font-family:宋体;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family: For investment applications, the earlier you make your investment and submit your documents, the better the outcome, because the processing time is based on the submission date. Applying early has two advantages: firstly, it will take you longer to obtain your visa, and secondly, it provides additional protection for children who may be overage.
EB-5 may be implemented in the future. mso-fareast-font-family:宋体;mso-fareast-theme-font:minor-fareast;mso-hansi-font-family: The amount of investment in Calibri;mso-hansi-theme-font:minor-latin">will increase. Even if the investment amount increases in the future, the 50% invested now will not be affected. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The initial investment amount will remain unchanged, so the earlier you invest, the better. Actually, the waiting list isn't as scary as people imagine. The waiting period starts from when you submit your I-526 application. mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: Starting with the application process, if we consider the current processing time of approximately two and a half years, from the time of applying for I-526... mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin">, to I-526 mso-ascii-theme-font:minor-latin;mso-fareast-font-family:宋体;mso-fareast-theme-font: The application process itself took about a year and a half to be approved, so the actual processing time was one year.
