Recently, the U.S. Immigration authorities released application data for various immigration categories for the first half of fiscal year 2023. It is worth noting that this data not only includes standard figures, but USCIS has also specifically itemized the I-526E applications submitted since the new EB-5 policy, which is highly noteworthy.
As can be seen from the table, in the first half of fiscal year 2023, i.e., from October 2022 to the end of March 2023, the number of applications received under the new EB-5 Reform and Integrity Act (I-526E) was 965, with a current backlog of 1,127.
As you know, the U.S. EB-5 investment immigration program has always been one of the most popular immigration methods for Chinese citizens. Especially since the official restart of the EB-5 Regional Center Program last year, it has reignited the immigration enthusiasm of many overseas individuals. The series of favorable policies introduced by the new EB-5 Act has created a once-in-a-lifetime opportunity for investors to immigrate to the U.S. quickly.
The new EB-5 Act has allocated visa quotas and established three "reserved visa" categories. Investors who meet the conditions for any of the "reserved visa" categories do not need to wait for a visa bulletin, which provides a convenient fast track for Chinese investors to immigrate to the U.S. It is worth noting that the 20% reserved for rural (TEA) projects not only enjoys reserved visa quotas but will also receive priority processing from USCIS.
According to the data released by USCIS, as of March 2023, USCIS had received 1,127 applications under the new policy. Given that there is currently no visa backlog for EB-5 under the new policy, it is believed that these figures will rise in the third and fourth quarters of fiscal year 2023. Therefore, it is quite possible that a visa backlog will emerge for the new EB-5 policy in the future.
For applicants interested in immigrating to the U.S., they should take immediate action to lock in the reserved visa quota in advance, catch the "fast track" to immigrate to the U.S. without a visa backlog, and quickly obtain a U.S. Green Card. "Immigrate early" is not just a saying.
Currently, the reserved visa categories for the new EB-5 policy have no visa backlog, and applicants who meet certain conditions can simultaneously file their I-526E/I-526 immigration petition and I-485 application for adjustment of status. When filing the I-485 application, applicants can also apply for a travel permit (I-131) and a work permit (I-765). Once the applicant receives the I-485 receipt, they can legally stay in the U.S. for a long term; upon approval of the I-765 application, they can obtain an Employment Authorization Document (EAD) to legally and freely choose employment; upon approval of the I-131 application, they can obtain Advance Parole (AP) to legally and freely enter and exit the U.S.
There are two key elements to immigration—timing and choice! Currently, the popular "Florida Lakeside Jewish Community" project on the market is a rural TEA project that complies with the new act. It not only enjoys the EB-5 reserved visa quota but also receives priority processing from USCIS. It combines many advantages such as no visa backlog, a project employment multiplier as high as 5.44, and the EB-5 capital for the project enjoying a first-priority mortgage guarantee! Good projects do not wait; interested parties should act quickly!
Worldway Group, one of the Top 500 Asian Brands, has focused on investment immigration for over 20 years and has been deeply involved in the U.S. investment immigration industry for 17 years. We are full of innovative spirit and dare to be the first in the industry. We are one of the first institutions in China to promote U.S. EB-5 investment immigration projects; we were among the first in the EB-5 industry to propose the concept of selecting high-quality projects and established a professional analyst team; we were among the first to propose that U.S. EB-5 investment focuses on project selection and treating clients with sincerity; Worldway has won the global "Best Immigration Agent Award" at the U.S. EB-5 Annual Conference many times; Worldway senior management has met with many U.S. congressmen and maintains good interactions with many U.S. congressmen, governors, mayors, high-ranking government officials, and well-known figures in the EB-5 industry. We are your ideal choice for handling U.S. immigration projects!
The Florida Lakeside Jewish Community EB-5 project is currently selling fast. Project quotas are tight, so subscribe as soon as possible. Interested investors should seize the opportunity. For more details, please send us a private message in the comment section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
Notes: 1.*The EB-5 capital obtaining a first-priority mortgage requires meeting certain conditions; please refer to the project offering documents for detailed information. 2.*This material does not constitute an offer of any kind and is for informational purposes only. To improve readability, the information published in this material has been excerpted and summarized. Any detailed information of a legal nature should be based solely on the English investment documents provided by the project party at the time of formal subscription. *Investors should make their own investment judgments and decisions based on the formal English investment documents of this project. *Investment involves risks; choose carefully.
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