It is well known that immigrating to the United States through the EB-5 investment immigration program has two characteristics: first, each applicant must select an investment project before submitting their application; second, each investor must create at least 10 full-time jobs within the project.
For EB-5 investment immigration to the United States, the approval of the investor's I-829 application marks the success of immigrating to the United States. When applying for I-829, the immigration bureau primarily reviews: first, whether the $500,000 has been genuinely invested in the project; second, whether ten jobs have truly been created. Among these, proving the creation of sufficient jobs is the greatest challenge of the I-829 application.
It is known that there has been a long-standing call for reform of the EB-5 investment immigration program in the United States, and each draft of the reform bill has attracted the attention of investors, especially regarding investment amounts, visa reservations, and employment metrics.
On March 8, three influential political figures in the U.S. Congress: Chuck Grassley, Bob Goodlatte, and John Cornyn jointly proposed the "EB-5 Reform Bill" (draft), which includes changes to the employment creation requirements.
The draft bill stipulates that for projects located in special areas such as "Targeted Employment Areas," each investor is required to create at least only 9 full-time jobs. For projects in other areas, each investor is required to create at least only 12 full-time jobs.
The adjustment of the employment creation requirement numbers is a mixed blessing for investors. However, it is evident that the reform of the U.S. investment immigration bill is generally leaning towards certain special category projects, such as those in Targeted Employment Areas.
In addition, the draft bill stipulates that 1,450 visas will be reserved annually for "Targeted Employment Areas." This means that if investors choose projects in "Targeted Employment Areas," they are likely to shorten the waiting period and obtain green cards more quickly.
Experts from WorldWay Immigration indicate that investors choosing to invest in projects in "Targeted Employment Areas" will have more advantages: first, the required number of jobs is reduced, providing greater assurance for investors to successfully immigrate to the United States; second, there is a possibility of obtaining reserved visas, thus shortening the waiting period.
The Manhattan No. 9 Luxury Boutique Hotel project, exclusively represented by WorldWay in the Greater China region, has sufficient employment to meet the I-829 requirements for all investors, complying with the current EB-5 law's requirement for each investor to create more than 10 full-time jobs. At the same time, this project meets the new definition requirements for "Targeted Employment Areas" in the new draft bill. Under the framework of the new draft bill, this project not only enjoys 1,450 priority visa quotas but also requires each investor to create only 9 full-time jobs.
WorldWay Immigration experts remind that with the introduction of this draft bill, EB-5 projects that meet the "reserved visa" conditions have become very popular, and opportunities belong to those who act early. Making a decision and applying as soon as possible to lock in the $500,000 investment amount is a wise choice at this time.
Currently, the only EB-5 project in Manhattan that is likely to shorten the waiting period and has sufficient employment is the Manhattan No. 9 Luxury Boutique Hotel, and the remaining slots are limited. We urge investors to seize the opportunity to immigrate to the United States at the low price of $500,000. Project hotline: 400-138-2929.