On the 14th of September, 2023, the launch event for the US investment immigration Pennsylvania Interstate Project was successfully held at the Worldway Beijing company's International Salon event center, with every seat occupied. Renowned experts in the US investment immigration field, including Mr. Ronald Klasko, Chairman of the EB-5 Committee of the American Immigration Lawyers Association, attended the event to address various issues such as how to deal with current priority dates/backlogs and how to select US investment immigration projects. Worldway President Dr. Winner Xing and senior project analysts also provided a detailed introduction to why to choose the Pennsylvania Interstate Project, its current status, developer background, and project advantages, which attracted great attention and interest from attending investors.
During the meeting, concerning many investors' worries about whether US investment immigration has entered the priority date waiting list, Mr. Klasko responded, “The recent announcement by the US Department of State regarding the exhaustion of visa quotas for Chinese applicants means that any investor who has not yet received an appointment for an immigration interview at the US Consulate in Guangzhou, and whose I-526 petition has not been approved, will need to wait until the next fiscal year (starting January 1, 2024) before appropriate arrangements can be made. Therefore, the actual impact is minimal. However, this indicates that starting from the spring/summer of 2015, visa applications are likely to face true waiting lines.”
In the face of the very likely emergence of a waiting list for the US investment immigration EB-5 visa, Mr. Klasko gave investors five suggestions: “First, if you have decided to invest in immigration to the US, the sooner you invest and apply, the better, otherwise the waiting time will become longer in the future; Secondly, if the investor's children are 19 years old or above, it is advisable for the children to be the primary applicants; Thirdly, if investors want their children to be dependents included in the family application, it is recommended to submit the application before the children turn 18; Fourth, investors should be psychologically prepared to wait longer for the US immigration visa; Fifth, if you can complete the investment and application of $500,000 now, it will have no impact even if the investment amount increases in the future, so it is advisable to act quickly.”
Mr. Klasko solemnly promised at the meeting that as the project attorney for the Pennsylvania Interstate Project and legal counsel for Worldway clients, he would refund the total lawyer fee if the client's application was unsuccessful. Meanwhile, Mr. Klasko partnered with Worldway to launch a 5-day expedited document service to help investors actively respond to the issue of the waiting list.
Amid the pressure from issues such as the backlog and waiting list for the US investment immigration EB-5 visa, quickly selecting a project and applying has become a key challenge for many investors. However, the stipulations of the US investment immigration EB-5 statute require that EB-5 projects must be “at risk,” which leaves many investors hesitant. In this briefing session, the President of Worldway provided investors with the latest immigration information and taught methods for selecting US immigration projects.
The high-quality US investment immigration EB-5 project recently launched by Worldway—the Pennsylvania Interstate Project—is the first US state government approved EB-5 funded project in the past 25 years. It is 100% government-owned, invested, managed, operated, and underwritten. The Pennsylvania Turnpike Commission borrows from EB-5 and has an unconditional repayment guarantee, enjoying A+ government credit repayment assurance. This project has a job multiplier as high as 5.37, and the jobs created have been recognized by the US immigration authorities. Its greatest highlight is receiving prior approval from the US immigration authorities, making it a rare and high-quality project for actively responding to the backlog of US investment immigration.
The Pennsylvania Interstate Project for US investment immigration is another major success for Worldway, following the successful rollout of several EB-5 projects this year. For more US immigration inquiries, please stay tuned: Public WeChat account “worldway-beijing,” official Weibo account “Worldway Beijing Immigration Company,” or call the consultation hotline “400-138-2929.” More information is available at Worldway Beijing.
