Recently, the Pennsylvania Turnpike EB-5 project, invested in by clients of Worldway Group, saw its first investor receive I-829 approval. This means the investor has successfully removed the conditions on their two-year green card, obtained permanent resident status in the United States, and successfully immigrated to the U.S.! Worldway Group extends its heartfelt congratulations to the investor.
At the same time, the approval of the Pennsylvania Turnpike EB-5 investor's I-829 application signifies that the project documentation submitted to the USCIS with the investor's I-829 application has been recognized by the agency. Furthermore, the USCIS has acknowledged that the jobs actually created by the project have met the requirements for all investors to remove conditions. Other investors in the project who have submitted their I-829 applications will now enter the fast track for approval; provided their personal documentation meets the requirements, their I-829 applications are expected to be approved soon under the principle of deference.
We believe that more good news regarding I-829 approvals for other investors will follow. As a companion on the investors' immigration journey, Worldway Group will share the joy with everyone as soon as possible.
As everyone knows, EB-5 investment requires passing three milestones: the I-526 stage, the I-829 stage, and the repayment stage. For U.S. EB-5 investment immigration, only when the I-829 application is approved can the investor and their family remove the conditions on their green card and obtain permanent resident status. The approval of an investor's I-526 application is merely the first step toward successful immigration to the U.S., while the approval of the I-829 application marks the true success of the investment immigration process. Additionally, at the end of last November, the Pennsylvania Turnpike project successfully returned the investment capital to the first group of EB-5 investors. This also means these investors have successfully passed all three milestones.
The Pennsylvania Turnpike EB-5 project is a rare project that is 100% government-owned, government-invested, government-managed, government-operated, government-borrowed, and government-repaid, with the Pennsylvania Turnpike Commission responsible for the investment, construction, and operation. Upon its market launch, the project was highly sought after by investors and was fully subscribed ahead of schedule. The Pennsylvania Turnpike was completed and opened to traffic in September 2018. According to an economist's report, the jobs created by the project for all EB-5 investors exceeded the legal requirement by 48%. As the EB-5 borrower, the Pennsylvania Turnpike Commission has repaid all loans to the Pennsylvania Turnpike project limited partnership on time.
As is well known, the United States, as a traditional major immigration destination, is an excellent choice for investors planning their status. Among the options, the EB-5 investment immigration program is favored by investors for its unique advantages, such as low thresholds, minimal requirements, and the ability for the whole family to obtain green cards through a single application. Currently, the reauthorization of the EB-5 Regional Center Program has achieved a phased victory and will continue in a new form until September 30, 2027, providing a relatively long period of policy stability for the EB-5 industry and investors. The act grants a 60-day window for the new EB-5 Regional Center Program, and government agencies such as the USCIS will issue relevant implementation policies to put the new act into effect. Worldway Group will continue to maintain close contact with all parties and actively monitor the latest developments.
For those planning to move to the U.S. quickly, in addition to the EB-5 investment immigration route, one can also immigrate to the U.S. through the EB-1A Extraordinary Ability immigration program. The EB-1A program does not require an employer sponsor or a labor certification; it features a short application cycle, fast processing, no visa backlog, and approval within 6-8 months. The whole family can obtain permanent green cards in one step, and the green card is marked E-11, making it convenient to work and live in the United States.
For more details, please call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
Investment involves risks; the above information is for reference only.