Latest comprehensive news on U.S. investment immigration from WorldWay: California is the third-largest state in the United States and one of the most preferred regions for Chinese investors. Why do most Chinese investors favor investing in California? WorldWay U.S. investment immigration experts analyze the main reasons as follows:
Livable Environment and High Density of Ethnic Chinese
California features beautiful scenery, a mild climate, ample sunshine, and a favorable natural environment. Furthermore, California offers good public safety, security, and social harmony. More importantly, it is the region with the highest concentration of ethnic Chinese in the United States, facilitating smooth communication, high resident quality, and a superior cultural environment. Overall, California is a highly livable city with an excellent combination of natural, social, and human environments.
Convenient Transportation and Developed Economy
California possesses highly developed infrastructure and convenient transportation, with a dense highway network that ranks second in the nation in length. It boasts multiple international airports, air cargo hubs, and seaports, as well as the most advanced public transit system, allowing most residents to commute within approximately 30 minutes.
In 2013, California's GDP reached $2.2 trillion, surpassing Russia and Italy to become the world's eighth-largest market. Over the past three years, California's economy has maintained a strong average annual growth rate of 4.1%. The economy is vibrant and its total output ranks first in the United States.
Advanced Science and Education with Renowned Enterprises
California's overall level of education, science, and technology ranks among the best in the United States, home to prestigious institutions, world-class universities, and leading global enterprises. California has the highest concentration of engineers, scientists, mathematicians, and technicians in the country.
Related data shows that California has 621 members of the National Academy of Sciences and 111 Nobel laureates. Of the 100 fastest-growing high-tech companies in the U.S., 39 are in California; nearly 30% of all U.S. biotechnology company headquarters are located in California. Additionally, many Fortune 500 companies, including famous high-tech and internet firms such as Intel, Cisco, Oracle, Google, and Yahoo, are based in California.
Considerable Real Estate Investment Returns
According to U.S. Zillow data, nine cities in the California region ranked among the top ten most expensive metropolitan areas in the U.S. in 2014, with San Jose, San Francisco, and Santa Cruz taking the top three spots nationwide.
The continuous influx of immigrants has caused new housing development in California to expand toward suburban areas, driving up housing prices in core urban districts. Over the next year, California housing prices are projected to rise by at least 4.6%. Chinese investors believe that investing in California real estate offers considerable returns.
Government Emphasis on Attracting Foreign Investment
The California government places great importance on attracting foreign investment and has established a dedicated business investment office to provide corresponding services to foreign investors. Currently, approximately 13,000 foreign-funded enterprises have settled in California, creating over 600,000 high-quality jobs.
California leads the world in many fields, such as integrated circuits, biotechnology, multimedia, and computer software. Overseas investors can enter these sectors through venture capital or joint ventures with newly established high-tech companies. This is largely due to its diverse industrial structure, active business environment, and effective government policies.
With the U.S. dollar exchange rate about to enter a rapid upward trajectory, converting RMB assets into USD assets has undoubtedly become an important financial strategy for the wealthy to allocate assets globally. U.S. EB-5 investment immigration has become a popular pathway for investment immigration.
In response to the three major crises appearing in 2015 U.S. investment immigration—visa backlogs, price hikes, and policy changes—WorldWay is launching two projects pre-approved by the USCIS: the Liberty Garden Luxury Apartment project in New York and the Pennsylvania Turnpike project. The Liberty Garden project in New York features 14.5 times net asset collateral; the developer, the Lightstone Group, is one of the largest and most successful unlisted comprehensive real estate developers in the U.S., with the developer's founder providing 11.7 times personal asset collateral.
The second phase of the Pennsylvania Turnpike project involves state government borrowing with a repayment guarantee by the state government. It is a 100% U.S. government EB-5 project with the borrowing entity holding an A+ credit rating and an employment multiplier of 4.368. The first phase sold out in just two months. Currently, the second phase of the Pennsylvania Turnpike project is seeing an even more enthusiastic demand than the first.
2015 is the Year of Overseas Investment, and WorldWay is grandly launching its April Promotional Month, giving back to old clients and welcoming new ones with sincerity. A 3 million gift package is on offer, with promotions across all lines including U.S. investment immigration projects. Promotion period: From now until April 30, 2015. Promotional Hotline: 400-138-2929
