Ronald Klasko in an interview with Worldway President Winner Xing Ph.D.
Latest comprehensive news on U.S. investment immigration from Worldway: On March 18, renowned U.S. attorney Ronald Klasko visited the Worldway Immigration Group. Ronald Klasko conveyed the latest policies and developments from U.S. Citizenship and Immigration Services regarding EB-5 and pointed out: EB-5 visa retrogression is imminent, and the U.S. investment immigration “battle for quotas” is about to begin.
2014 saw China's outbound investment reach 140 billion USD, making it the world's third-largest capital exporter, and the United States is undoubtedly one of the most favored overseas investment “havens” for wealthy Chinese. As more and more Chinese citizens choose to obtain a Green Card as a starting point for global asset allocation, the situation of “too many monks and too little gruel” regarding U.S. investment immigration visa quotas in mainland China has long been established. It is foreseeable that in 2015, the United States, once again the locomotive of the global economy, will surely become the primary investment destination for the global wealthy class.
2014, the U.S. government issued a total of 10,692 EB-5 visas, of which 9,128 were obtained by applicants in mainland China, accounting for 85.4% of the total quota, setting a new historical record. The supply-demand imbalance of U.S. investment immigration visa quotas and the significantly increased investment appeal following the U.S. economic recovery will greatly intensify the “quota scramble” in the U.S. investment immigration market. Coupled with the two major suspense factors of “retrogression” and “price hikes”, it is foreseeable that U.S. investment immigration is about to usher in a new wave of applications.
As a four-time former chairman of the American Immigration Lawyers Association's EB-5 Committee, Ronald Klasko is very familiar with EB-5 legislation. Based on a comprehensive analysis of the latest developments in the EB-5 market, he predicted: EB-5 retrogression is inevitable. Currently, it is very likely to occur in May or June of this year, and the warning signs for retrogression are becoming increasingly loud. Ronald Klasko reminds Chinese EB-5 investors: Choosing a high-quality EB-5 project as soon as possible, and once a good project is selected, submitting documents and making payments as early as possible is undoubtedly the wisest choice to secure a visa quota.
Worldway experts remind investors that after Canada and Hong Kong suspended their investment immigration programs, the path to U.S. investment immigration has become even more congested. The emergence of retrogression will not only extend the waiting time for a Green Card, but more importantly, it will have a greater impact on investors' overage children. This means that investors will need to wait longer; even if one submits application materials one month late, it is very likely that they will have to wait in line for an extra half a year. Especially given that the current average EB-5 case processing time is 14 months, retrogression will only make the wait longer. Therefore, one must prepare and respond early, and never wait until the last minute to act in a panic.
Worldway Group has comprehensively analyzed the many factors that will affect U.S. investment immigration applications in 2015 and has carefully selected a 100% high-quality government immigration project that has received I-924 approval from U.S. Citizenship and Immigration Services—the Pennsylvania Turnpike Project, for your consideration. The Pennsylvania Turnpike Project is a 100% government project jointly launched by the U.S. federal government and the Pennsylvania state government. The Pennsylvania Turnpike Commission borrows from EB-5 and provides unconditional repayment, and the borrowing entity enjoys an A+ credit rating. Famous American economist Michael K. Evans, who led the project's economic analysis report, calculated that the project's employment multiplier reaches 4.368 times. Currently, 100% government projects in the EB-5 market are rare, and the Pennsylvania Turnpike Project has been rated as a “2014 High-Quality Immigration Project,” possessing many advantages and becoming a better choice for investors to cope with retrogression.
As the exclusive agent for the Pennsylvania Turnpike Project, Worldway Immigration Group, in conjunction with the DVRC Regional Center and the Pennsylvania Turnpike Commission, will hold official Pennsylvania Turnpike Project information sessions in Shenzhen, Beijing, Qingdao, and other cities on March 21 and 22. The events will feature numerous guests and unprecedented scale. Registration is currently in full swing; call the reservation hotline at 400-138-2929.
