Latest comprehensive news on U.S. investment immigration from WorldWay: Recently, Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, stated that the date of July 2015 is very likely to be the temporary cutoff date for the current EB-5 program. Simply put, the time for U.S. EB-5 investment immigration applicants to receive their green cards will be delayed by approximately two years.
WorldWay U.S. immigration experts analyze that, as it stands, visa retrogression is a certainty. Assuming there is no way to resolve the phenomenon of visa retrogression, what can U.S. immigrants do?
1. If your child is under 18 years old, you should immediately begin the EB-5 application process to enter the waiting queue as soon as possible, ensuring that your child also has a chance to wait for a new quota before turning 21.
2. If your primary goal is to apply for a green card for your child, and he/she is already 18 or older, you should consider having the child act as the applicant. In this way, there is no age restriction for the child, as there is no age limit for the principal applicant.
3. If your child is 18 or older, another option is to file two applications: one for the child and one for the parents. Although this option is more expensive, it is important to know that the minimum investment amount for future investment immigration may increase, so waiting may come at a higher cost.
4.If one spouse in a couple was born in mainland China and the other was born outside of mainland China, the couple can use the birthplace of the person born outside of mainland China as their country of chargeability.
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. Especially with the current average EB-5 case processing time at 14 months, the retrogression will only get longer. The best way for investors to deal with retrogression is to select a project and apply as early as possible.
At the same time, investors should not choose projects blindly because of the retrogression. WorldWay U.S. immigration experts remind that EB-5 projects that have already received pre-approval from the U.S. Citizenship and Immigration Services (USCIS) can help investors shorten approval times and better cope with the EB-5 visa retrogression. Two major projects launched by WorldWay that have already received USCIS pre-approval are the New York Liberty Garden Luxury Apartment project and the Pennsylvania Highway project. The New York Liberty Garden Luxury Apartment project has a high net asset guarantee of 14.5 times, and the developer, Lightstone Group, is one of the largest and most successful unlisted comprehensive real estate developers in the United States. The developer's founder provides a personal asset guarantee of 11.7 times.
The U.S. Immigration Pennsylvania Highway project, with loans and repayment commitments from the state government, is a 100% U.S. government EB-5 project. The borrowing entity, the Pennsylvania Turnpike Commission, enjoys an A+ credit rating, equivalent to the credit rating of Japanese government bonds and higher than the credit rating of all state-owned banks in China. In addition, the project has an employment multiplier of 4.368 times, providing sufficient guarantees for investors' job creation calculations and the acquisition of permanent green cards. The first phase of the Pennsylvania project was sold out in just two months. Currently, the second phase of the Pennsylvania Highway project has seen an even more enthusiastic buying situation than the first phase. Priority Hotline: 400-138-2929
