Recently, the globally renowned investment bank Goldman Sachs officially announced it would lay off 3,200 employees, accounting for approximately 6.5% of its total workforce. This is also the largest layoff at Goldman Sachs since the 2008 financial crisis.
In fact, in recent months, major internet companies in the United States have been continuously announcing large-scale layoffs. The second half of 2022 saw a major upheaval in the U.S. tech industry, with Meta laying off 11,000 employees, the payment unicorn Stripe cutting 14% of its workforce, and Elon Musk initiating significant layoffs after acquiring Twitter. Recently, the U.S. e-commerce company Amazon decided to lay off over 18,000 employees. In addition to the companies mentioned above, more than 20 large U.S. tech companies and financial institutions, including Microsoft, Intel, and Snap, are also undergoing massive layoffs.
Among all those laid off, H-1B visa holders may find themselves in particularly difficult situations, as they must find new employment within 60 days of being laid off. If they do not secure a new job or change to another legal status, they must leave the United States, which can jeopardize the legal status of their spouses and the schooling of their children.
Without legal status, one’s life can be rewritten at any moment! Given the current situation, H-1B visa holders may be forced to leave the United States at any time. So, how can H-1B visa holders prepare themselves adequately in advance?
The EB-5 investment immigration program is a more secure option. The new EB-5 legislation passed in March 2022 made significant adjustments to the rules of the EB-5 program. A major benefit is that it provides investors born in mainland China with an option to bypass the waiting list, specifically for projects under the EB-5 visa reserved categories (20% for rural area projects, 10% for high-unemployment area projects, and 2% for infrastructure project reserved visas), which currently have no waiting period, allowing for rapid immigration to the United States.
Additionally, the new legislation allows eligible applicants to submit both the I-526E/I-526 immigration application and the I-485 adjustment of status application simultaneously. When submitting the I-485 application, applicants can also apply for travel permission (I-131) and work authorization (I-765). Once approved, they can work freely in the United States and travel in and out, allowing the applicant and their spouse to work legally, and their children to attend local public schools, as well as apply for state government health insurance, enjoying most of the conveniences of life as U.S. residents.
For investors, if they apply for an immigration category without a waiting list and are already in the United States meeting the relevant conditions, they can submit the I-485 adjustment of status application simultaneously with their immigration application, thus allowing them to live and work in the United States more quickly.
Currently, there is a high-quality EB-5 project on the market that meets the new legislation's EB-5 visa reserved category for high-unemployment areas (TEA), enjoying a 10% reserved visa quota, helping investors seize the opportunity to bypass the waiting list and quickly obtain a U.S. green card! Moreover, this project has already had investors in the U.S. submit both the I-526E immigration application and the I-485 adjustment of status application, and they have received receipts.
The project is located in the Arts District of the Dallas Central Business District in Texas, USA, situated in a region with high economic growth, strong market demand, and numerous advantages, making it highly favored by investors. This project has only 45 seats available globally, and the remaining spots are limited, so interested parties should act quickly to seize the opportunity and take control of their future in the U.S.!
Great news! To thank our valued new and old clients for their trust and support over the years, in January 2023, WorldWay Immigration is launching the "Welcoming the New Year with Health" campaign. Get a health gift package with your immigration application, fighting the pandemic together and bringing love home! Enjoy significant discounts on all immigration projects, with multiple gifts to reward clients, exclusive benefits continuously offered, and a selection of immigration projects from 19 countries (regions), ensuring there is something suitable for everyone. This is a rare opportunity not to be missed! Limited-time great rewards, so act quickly!
For more details, please send us a private message in the comments section or call the WorldWay Immigration service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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Note: 1. Within the limits of the law, the interpretation rights of this promotional activity belong to WorldWay Immigration Group. 2. Investment involves risks; please choose carefully.
