Recently, Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State, was invited to attend the "EB-5 Advocacy Conference" organized by IIUSA. During the meeting, Charles Oppenheim provided a forward-looking forecast for the EB-5 annual visa quota for the new 2021 fiscal year (October 2020 to September 2021).
The annual visa quota for employment-based (EB) immigration for fiscal year 2021 will receive an additional 60,000 visas on top of the usual 140,000, bringing the total quota to over 200,000. These additional visas primarily come from unused visas in the F-category (family-sponsored immigration) from fiscal year 2020. As a result, the EB-5 category, which accounts for 7.1% of the annual employment-based visa quota, will have access to 14,200 visas in fiscal year 2021, representing a 42% increase over the standard annual quota of approximately 10,000. Furthermore, as the visas issued under the Chinese Student Protection Act for fiscal year 2020 will be fully repaid, there will be no need to deduct approximately 700 visas from the quota for EB-5 investors born in mainland China starting in fiscal year 2021.
Benefiting from this positive news, the visa quota available to applicants from mainland China has increased significantly, which undoubtedly boosts confidence that the EB-5 visa backlog for mainland Chinese applicants will gradually ease.
In fact, the EB-5 visa backlog for mainland Chinese applicants is currently accelerating across the board. The backlog for mainland Chinese investors experienced two major leaps in March and May; in March, the EB-5 Final Action Date (Table A) advanced by 5.5 months, and the Date for Filing (Table B) advanced by 7 months. In May, the EB-5 Final Action Date (Table A) advanced by 47 days. The EB-5 visa backlog for mainland Chinese investors continued to make steady progress in June and July, with the Final Action Date (Table A) advancing by 14 days in June and 7 days in July. Compared to the average advancement of one week per month over the past few years, a large number of investors will be able to land in the United States approximately two years earlier than previously predicted, providing a turning point for many children who were at risk of aging out.
Opportunities belong to those who are prepared. For investors with a rigid demand for U.S. immigration, they should act according to their own circumstances and lock in high-quality projects early. "Prepare early, apply early, join the queue early, and benefit early!"
As one of the few high-quality projects on the market that allows for U.S. immigration at the low price of $900,000, the Yellowstone Club Phase II EB-5 project is an excellent choice for investors. This project combines numerous unique advantages, including USCIS dual approval, completed I-829 job creation, repayment secured by assets worth 5 times the loan amount, and transparent fund supervision, which greatly protects the interests of investors and is highly favored by them.
Ten Advantages of the Yellowstone Club Phase II EB-5 Project:
1. Rural area EB-5 project, eligible for the $900,000 low-price immigration option
2. Project has received both I-526 exemplar and individual approvals
3. Extremely high job creation multiplier; construction has started, and required jobs have been completed in advance
4. Low EB-5 capital ratio, high equity investment ratio
5. High-value collateral, with mortgage value up to 5 times the EB-5 loan amount
6. Strong brand appeal of the Yellowstone Club, with nearly 1/2 of the apartments pre-sold
7. Branded, operated, and managed by the renowned luxury hotel brand Montage
8. Developed and constructed by the experienced and powerful developer CrossHarbor
9. Replication of the successful experience of the Yellowstone Club Phase I EB-5 project
10. Professional EB-5 team oversight & the 3rd successful collaboration between Worldway and EB-5
The above information is for reference only and does not constitute an investment basis. The actual English investment documents signed by the investor and the U.S. project party shall prevail.
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2020 is the year of health planning; health planning comes first, and status follows. Good projects do not wait. If you missed the opportunity to immigrate to the U.S. with a $500,000 investment, do not miss the opportunity to immigrate with a $900,000 investment. High-quality projects are rare, so book early. For project details, please contact: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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Investment involves risks; the above information is for reference only.