[Latest Comprehensive News on U.S. Immigration from Worldway] According to the latest data released by the Federal Census Bureau, the Chinese population in the U.S. has reached 4.52 million, making Chinese the largest ethnic group among Asian Americans. China has surpassed Mexico to become the largest source of immigrants to the U.S. Analysis indicates that the rapid growth of the Asian population in the U.S. in recent years is mainly attributed to the rapid increase in the immigrant population.
Furthermore, there is a significant disparity in the economic status of different Asian ethnic groups in the U.S. In 2013, the median annual income for Asian households was $72,472, while the median annual income for Chinese households was $68,435, slightly lower than the overall Asian level, but their education level was significantly higher than the U.S. average. It is worth noting that high-net-worth Chinese individuals are riding the wave of U.S. immigration. According to CNN Money, as early as mid-April this year, the U.S. Department of State announced that due to overwhelming applications, Chinese nationals had exhausted the EB-5 (U.S. Investment Immigration Program, with a minimum investment of $500,000) quota early for the second consecutive year.
The U.S. Department of State stated that starting in May, the U.S. government will no longer accept EB-5 visa applications from Chinese nationals for the current fiscal year. Last year, the U.S. Department of State announced for the first time that the annual 10,000 EB-5 visa quota was full, which occurred in August at that time. Data compiled by CNN also shows that in 2014, Chinese nationals accounted for 90% of EB-5 visas issued, while the figure in 2004 was only 13%. In other words, last year, Chinese nationals received 8,308 EB-5 visas, compared to only 16 in 2004.
Worldway analysis points out: Against the backdrop of the global economic and monetary situation characterized by two lows and one high (lower RMB, lower Euro, higher USD), 2015 will be an important year for Chinese overseas investment, and the optimal time to invest in the U.S. has arrived. With the gradual tightening of global investment immigration policies, especially the successive closures of major investment immigration policies in Canada, Hong Kong, and Australia, more investors will shift their focus to the U.S., making the path to U.S. investment immigration more congested.Numerous facts prove once again that the hard truth is that it is better to immigrate early rather than late. In 2015, U.S. investment immigration will face three major crises: visa backlogs, price increases, and policy changes due to the "September 30th Act expiration." Under the current situation, applying and submitting documents as early as possible, and prioritizing projects that have already been approved, may be the best choice to cope with the three major crises of U.S. investment immigration price hikes or policy changes. However, investors should not be desperate; while prioritizing EB-5 projects pre-approved by the U.S. Citizenship and Immigration Services, they should pay even more attention to employment creation and repayment conditions.
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