Recently, rumors regarding the potential shutdown of the U.S. EB-5 program have emerged again! There are reports that four New York State senators have called for a joint vote to terminate the EB-5 program and oppose its extension beyond April 28, causing another stir within the U.S. investment immigration industry.
These four New York State senators are Liz Krueger, Velmanette Montgomery, Roxanne Persaud, and James Sanders. Their reasons for opposing the EB-5 extension include the historical misuse of the program and concerns regarding questionable job creation data.
Although the U.S. EB-5 investment immigration program has been extended until April 28, calls for price increases and termination have never ceased. This is primarily because:
On one hand, compared to other options, the U.S. Green Card has long been considered the most valuable in the world; however, the threshold for investment immigration has remained low, which is no longer consistent with the market status of U.S. investment immigration. Immigration policies in several popular countries have already seen significant "price hikes": investment requirements in the UK, New Zealand, and Ireland have increased substantially, and it has become an industry consensus that the U.S. EB-5 investment immigration program, which has long been set at $500,000, is due for a price increase.
On the other hand, looking across the entire immigration industry, Hong Kong's Capital Investment Entrant Scheme and Australia's SIV visa have already been terminated, Hungary's immigration program is set to close, and Canada's review process is becoming increasingly stringent. With countries significantly tightening their immigration policies—sometimes even ending them abruptly—will U.S. investment immigration face a similar situation? Given the intense competition between urban and rural interests, and with the EB-5 program having been repeatedly warned of potential price hikes or even termination, a significant increase is already imminent, and a sudden halt is not entirely impossible.
President Trump has proposed an "America First" policy and is promoting various measures to stimulate the U.S. economy, attracting global capital to flow into the United States for investment. Driven by the overseas investment boom, Worldway Immigration Group has analyzed the global investment landscape and once again declared 2017 the "Year of U.S. Investment," reminding investors to seize this optimal window for investing in the United States in 2017.
Worldway immigration experts advise: In the face of proposals to increase costs or terminate the EB-5 program, the upcoming April 28 expiration date, and the July 1 implementation of China's foreign exchange controls, investors interested in U.S. immigration should take action to lock in projects that have already received exemplar approval and complete their investments as quickly as possible to race against time.
By accurately gauging the policy shifts in U.S. investment immigration, Worldway Immigration Group has carefully selected three high-quality projects that have already received approval and enjoy grandfathered status, allowing investors to obtain U.S. Green Cards for their entire families. For those interested in immigrating to the U.S. or seeking more information, please call: 400-138-2929.