U.S. Investment Immigration 2015 fiscal year EB-5 visa retrogression: will it happen? If it does, what will the specific situation be? Recently, Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, released a statement providing an authoritative forecast and detailed discussion regarding the retrogression of EB-5 immigrant visas for the 2015 fiscal year.
Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, pointed out: The occurrence of immigrant visa retrogression in 2015 may be inevitable, and the specific timing of the retrogression could occur within the 2014-2015 fiscal year. The new 2015 fiscal year began on October 1, 2014, and will end on September 30, 2015.
However, the exact timing of this retrogression remains uncertain. Currently, the approximate timeframe for the retrogression may be between May and July 2015. Oppenheim emphasized that regardless of whether the EB-5 visa retrogression occurs in May or July, the cut-off date for EB-5 visa retrogression is likely to be July 2013.
Because visa issuance follows the principle of "first-come, first-served," this means that during July 2015 (or at any time when the visa retrogression occurs), only those EB-5 investors and their beneficiaries whose priority dates are on or before July 2013 will be able to apply for EB-5 immigrant visas. The "priority date" is determined by the submission date of the I-526 application.
Despite the above statement, EB-5 investors can still continue to submit I-526 applications for business purposes, as retrogression will not affect the USCIS adjudication of I-526 applications. Therefore, it is very important for investors to submit their applications as early as possible to gain a favorable position among the crowd of EB-5 immigrant visa applicants.
The impact of the upcoming retrogression on the economy remains to be seen. For investors, retrogression means more uncertainty in the visa processing procedure and longer waiting times.
In addition, the Investment Program Association (IIUSA) previously also believed that the occurrence of immigrant visa retrogression in 2015 might be inevitable, and it, along with the potential increase in investment amounts, will become the two major keywords for U.S. EB-5 investment immigration in 2015. As a leading institution in U.S. investment immigration, Worldway Investment Immigration Group is very pleased to grandly launch the 100% U.S. government-approved EB-5 project at this critical juncture—the Pennsylvania Turnpike Project.
The Pennsylvania Turnpike Project is not only a rare 100% government project that has already received actual I-924 project pre-approval from the U.S. immigration authorities, but the Pennsylvania Turnpike Commission, as the borrower, has long held an A+ credit rating, making it the premier choice for dealing with the many uncertainties of 2015. Phase I of the Pennsylvania Turnpike Project was sold out in just two months. Currently, Phase II of the Pennsylvania Turnpike Project has seen an even more enthusiastic buying frenzy than Phase I. Consultation Hotline: 400-138-2929
