EB-5 U.S. investment immigration has always had a big problem, which is the long waiting time and long processing cycle. As of now, the waiting time for EB-5 Form A is December 22, 2015, which means that the waiting time is More than 6 years, many EB applications -5 friends all consider their children’s education. For example, if their children come to the United States to study, they hope to get a green card so that they can enter higher education or attend a public school. After graduation, with a green card, they can live in the United States without being restricted by a work visa. When looking for a job, a life and a place to live, your ideals are always full.
But in reality, there are too many people applying for EB-5, especially from 2014 to 2017. During these four years, an average of more than 10,000 families applied each year. However, the annual green card quota for EB-5 is relatively fixed. , there are only 10,000 green card visas per year. Calculated based on three people per family, then the EB-5 one-year green card quota can only satisfy about 33 33 families use it, and green cards are in serious short supply. If the quota is used up this year, we can only wait for the quota next year and the year after that. Year after year, everyone has a priority date for applying. If the schedule is on that day, If the time exceeds the priority date, it proves that the waiting date has been reached, and the case will be transferred to the National Visa Center NVC for processing. If the applicant is in China, the case will be transferred to the Guangzhou Consulate to arrange an interview; if the applicant is in the United States, he or she can apply for I- 485 Adjust identity.
A long waiting period does not mean that a project is not good. On the contrary, EB-5 is so good that so many people apply. There are too many applicants and the quota is not enough, so the waiting period appears, so , I would like to advise everyone, no matter what immigration project you do, you should hurry up early rather than late. The earlier you apply, the easier it will be to obtain status.
visa quota Reassign
Under the old EB-5 policy, friends who applied from 2018 to 2021 believe that the waiting time will still be relatively long. Moreover, starting from March 15 this year, the new bill "EB-5 Reform and Integrity Act" will take effect. , the EB-5 schedule is divided into four major categories of projects. The first category is projects under the old bill and projects without visa reservation under the new law. The second category is rural projects under the new bill (EB-5 is reserved annually. 20% immigration quota), the third category is urban high unemployment projects under the new bill (EB-5 10% immigration quota is reserved annually), and the fourth category is infrastructure projects under the new bill (EB-5 2% immigration quota is reserved annually) quota). Therefore, 32% of the EB-5 green card quota will be reserved for these three types of projects every year. Under the old bill, projects can only be allocated the remaining 68% of the quota. The original 100% quota is not reserved and is completely based on first come, first served. According to the principle of allocation, currently, 32% of the quota is reserved for rural, urban, high unemployment, and infrastructure projects. Currently, these three types of projects have no waiting period and can quickly obtain a green card. On the contrary, the waiting period of old investors will be shortened. A long drawn out step.
Fortunately, in the past two years of the epidemic, the family immigration quota has not been used up, and the remaining quota has been allocated to EB-5. EB-5 actually has 19,880 immigration quotas this year. Now that the green card quota is available, the speed of scheduling is also involved. , NVC National Visa Center and Consulate General work effectively There is a rate issue, because these government departments do not issue green cards, and the waiting list will not move forward. Naturally, immigrant visas will be wasted. Recently, a group of EB-5 investors initiated a lawsuit against the Immigration Bureau and related agencies. Refuse to waste immigrant visa quotas and improve work efficiency. Currently, the Consulate General only issues 2-3 hundred immigrant visas every month, and the production capacity is still relatively low.
New methods for transforming old projects under the new law
In fact, investors who apply for EB-5 from 2018 to 2021 may have a long waiting period (estimated to be 6-8 years). If you are qualified, you can definitely consider it. According to the new law , investing in the three types of projects mentioned above, especially rural projects, has an annual quota of 20%. There is a high probability that there will be no backlog in the short term, and you can get a green card quickly in 2-3 years. You can contact your project party, regional center or lawyer to conduct relevant assessments and feasibility studies to see if it is possible to withdraw the original application and re-invest and apply in accordance with the requirements of the new act.
