Analysis of New U.S. Immigration Policies
Date: Saturday, March 17, 2018, 14:00-17:00
Consultation Appointment: 400-138-2929
Address: 6th Floor, Excellence Times Square, 4068 Yitian Road, Futian Central District, Shenzhen
Worldway Immigration Group latest news: A draft bill titled "EB-5 Investment Immigration Visa and Regional Center Program Comprehensive Reform Act" or "EB-5 Reform Act" has been released. It is reported that this draft bill was jointly proposed by three influential political figures in the U.S. Congressional judiciary: Chuck Grassley, Bob Goodlatte, and John Cornyn.
Which amendments in the new draft bill will affect the future project selection of EB-5 investors?
1. Adjustment of investment amount: $925,000 or $1,025,000 (adjusted every 3 years based on CPI)
For investments in projects that meet any of the following conditions, the lower investment amount of $925,000 applies:
I. U.S. Territories (e.g., Puerto Rico, U.S. Virgin Islands, Northern Mariana Islands)
II. Closed military bases
III. Small business investment funds
2. Modification of job creation requirements: Each investor is required to create 9 or 12 jobs
Investors in projects that meet any of the following conditions are subject to the lower job creation requirement (9 jobs):
I. Rural or Urban Priority Investment Areas
II. U.S. Territories
III. Closed military bases
IV. Small business investment funds
3. Visa reservation provisions:
I. Rural areas: 1,450 visas reserved annually
II. Urban Priority Investment Areas: 1,450 visas reserved annually
III. Infrastructure projects: 200 visas reserved annually
4. Definition requirements for "Urban Priority Investment Areas":
Must meet 2 of the following 3 conditions:
I. Unemployment rate is 1.5 times the national average unemployment rate
II. Poverty rate reaches 20%
III. Median household income is not higher than 80% of the greater of the state or MSA median household income
Comparing the definition requirements for "Urban Priority Investment Areas" in the draft bill previously proposed by Grassley and Leahy:
Must meet 2 of the following 3 conditions:
I. Unemployment rate is 1.5 times the national average unemployment rate
II. Poverty rate reaches 30%
III. Median household income is not higher than 60% of the greater of the state or MSA median household income
It can be seen that the definition requirements for "Urban Priority Investment Areas" in this newly released draft bill are more lenient.
Special Note: According to the new draft bill, for immigration applications already approved, if an application is submitted within one year of the bill's effective date to obtain authorization for definitions such as "Urban Priority Investment Area," no additional investment amount is required, and the use of the 1,450 priority visa quota is permitted.
Interpretation: Projects investing in "Urban Priority Investment Areas" will have more advantages
1. The required number of jobs is reduced
2. Expected to obtain reserved visas, shortening the waiting period
Therefore, for those intending to immigrate to the United States, they should choose EB-5 projects that meet the "reserved visa" conditions, which is expected to shorten the waiting period, prioritize obtaining a green card, and start their American journey.
Diamond-level Project with Potential to Shorten U.S. Waiting Period -- Manhattan No. 9
Project Introduction
The Manhattan No. 9 luxury boutique hotel project is located at Orchard 9 in the Lower East Side of Manhattan, New York City. The project will renovate the 105-year-old, 12-story Jarmulowsky Bank building while constructing a new 6-story building.
The old and new buildings will be integrated and operated as a luxury boutique hotel. The hotel will include 116 luxury guest rooms, a 600-square-meter bar and lobby, and 930 square meters of meeting and event space.
Project Advantages
● The first EB-5 project in Manhattan that meets the "Urban Priority Investment Area" definition of the draft bill, with the potential to shorten visa waiting periods
● A rare EB-5 project in the market with first-priority repayment in Manhattan
● High proportion of developer equity investment, low debt ratio
● Excellent project refinancing capability
● Sufficient employment, completion guarantee
● Project has started construction, some jobs have already been created
● Implements industry-leading high compliance standards to ensure highly transparent EB-5 fund supervision and usage
● If the investor's I-526 is denied, the developer's wholly-owned subsidiary provides a refund guarantee
● Superior geographical location, strong market demand
● Top developer DLJ and Worldway join forces again after the Four Seasons Hotel and Resort project, a strong partnership
Warm Reminder:
Currently, the Manhattan No. 9 luxury boutique hotel project, for which Worldway serves as the exclusive agent in Greater China, has few spots left. Investors are encouraged to cherish the current opportunity to immigrate to the United States at a low price of $500,000 and apply as soon as possible. Project hotline: 400-138-2929.
EB-5 Diamond-level Project with USCIS Exemplar Approval: Dallas No. 1
In the current EB-5 market, the Dallas No. 1 project, which has received USCIS exemplar approval, has been highly sought after by Chinese EB-5 investors, and there is no suspense regarding the approval of the EB-5 project. In addition, the city of Dallas, with its huge investment potential, and the powerful developer, Hall Group, have further increased investors' confidence in choosing the Dallas No. 1 EB-5 project.
As a diamond-level EB-5 project, the Dallas No. 1 project, which has received USCIS exemplar approval, also possesses numerous advantages: the project's job multiplier is as high as 1.49, and the jobs generated by construction costs alone meet the requirements for removing conditions; the project is not only provided with a completion guarantee by the developer, but the total repayment collateral provided by the EB-5 loan is 3.8 times the EB-5 capital; the project combines three major protection mechanisms to safeguard capital security; an independent third-party institution audits the disbursement of EB-5 loans, etc., fully protecting the interests of investors.
