Recently, a collective lawsuit filed by 95 Chinese applicants of the Canadian Federal Investor Immigration Program (FIIP) against the Canadian Minister of Immigration was dismissed. The presiding judge, Mary Gleason, pointed out in her written judgment that the Canadian Minister of Immigration is not obligated to be accountable for the commitments made to Canadian Federal Investor Immigration applicants or the policies of immigration. The Minister is only accountable to the commitments made to Parliament.
The cancellation of the Canadian Federal Investor Immigration Program has shattered the dreams of many applicants from China. The representative lawyer for the plaintiffs stated that the outcome of this case will affect the results of similar lawsuits that follow, and approximately 1300 Canadian Federal Investor Immigration applicants are likely to lose their cases. The plaintiffs are currently considering an appeal.
It is understood that the Canadian Federal Court heard a case regarding a blanket policy on skilled immigration in 2012, and the applicants appealed in 2013, but the case has yet to be heard, and it is estimated that it will not be heard until the second half of this year. Similarly, appeals for Canadian investment immigration may not be heard until the end of 2015 or the first half of 2016. Many applicants have already been waiting for 3 to 4 years.
Experts from WorldWay Immigration believe that the Canadian investment immigration policy is complex and ever-changing, with a bleak outlook. They advise investors to timely choose other investment immigration projects with higher alternatives. The success rate of investment immigration projects in the United States is far higher than that in Canada, making the U.S. EB-5 program the first choice for more than half of Canadian investors.
According to senior immigration experts at WorldWay, many investors are still hesitant about U.S. investment immigration due to the desire to choose projects with higher safety factors. In the spirit of being highly responsible to clients, WorldWay is also cautious in selecting EB-5 projects. Recently, the I-526 approved California AE bioenergy project, backed by a NASDAQ-listed parent company, offers advantages such as repayment in 4 years, leading to a rush for U.S. investment immigration. Meanwhile, the highly promoted U.S. investment immigration New York Fresh Direct EB-5 project has also become a hot investment focus for U.S. immigration in July.
The U.S. investment immigration New York Fresh Direct project is a collaboration between WorldWay, the New York City regional center with the most successful cases of 3900 green cards approved, and world-renowned company Fresh Direct, creating a preferred EB-5 immigration project. The success of this world-class e-commerce example has enhanced the confidence of EB-5 investors; with a guarantee of 2.4 times high net worth assets, exceeding bank loan safety standards, it reduces the risks of EB-5 investments; the jobs created based solely on hard construction costs have already exceeded the employment standards set by the EB-5 Act and the U.S. Citizenship and Immigration Services, paving the way to permanent green cards.
For more information on U.S. investment immigration projects and national briefing sessions, please call 400-138-2929.
