Is the new bill for the US EB5 investment immigration project? Is it the return of the king? Is it true that the price increase but the schedule is not allowed? Will anyone choose the EB5 project? What are the ways to immigrate to the United States and how should we choose? The following is the "Interpretation of the New Act for the US EB5 Investment Immigration Project" compiled by the editor of Huaxia Immigration. Come and have a look with the Chinese Immigration editor!
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Before starting to interpret the new bill on the US EB5 investment immigration project, let’s take a look first. What are the reasons for you to immigrate to the United States? Why must it be beautiful?
First point: Ultra-high-quality education
This is definitely the first place. The reason for immigration of many families is to enable their children to receive better education. Moreover, among the American students, Chinese account for 1/3, which is quite high. Indeed, the United States has rich educational resources, high education quality, and many famous schools. Higher education is not only on the list in some world mainstream rankings, but also ranks among the top. Among the top 200 prestigious schools in the world, American schools account for 34%, which is the country with the largest number of prestigious schools in a single country. A university with a population of China only accounts for 4-5%
Second point: Strong economic strength and scientific and technological level, in addition to obtaining a good knowledge system and broadening horizons during study abroad, there are more employment opportunities and higher incomes after graduation than other developed economies in and other developed economies. This is also the reason why many people immigrate to the United States. However, the overall world economy has declined in the past few years. If Chinese students do not have the status of the United States, they are also very incompetent when looking for a job and applying for an H1-1B work visa. International students without status must not only choose a major that is easier to find, but also make painful choices in hobbies and reality, but also have strong personal abilities. Finally, they must rely on luck in the H-1B lottery.
The third point: A sound and perfect legal system
The majority of people in the United States are very convinced of the Supreme Court of the Federal and firmly believe that the Supreme Court will handle all kinds of cases impartially. The investigation shows that the Supreme Court of the United States is also the most trusted government agency in the United States. American creed is to face the law, and everyone is equal
Of course, the reasons for immigrating to the United States are far more than these. So, what are the methods of immigrating to the United States?
Interpretation of the new bill for the US EB5 investment immigration project
Between 2011 and 2016, US investment immigration EB5 became popular in China, but reached its peak in 2016. Later, due to the fact that the green card quota was only 10,000 per year, there were too many applicants, resulting in the EB-5 schedule for more than 10 years and starting to decline. Since 2019, few Chinese families have applied for EB-5 immigration, which brought a turning point in March 2022 this year. The EB5 Regional Center Act was officially restarted, and a series of major positive news followed!
First, the new EB5 bill has made significant adjustments to the investment rules. Under the new policy, it not only eliminates the schedule, but also provides families with conditions to enter the United States with the opportunity to travel, work, study and live in the United States in advance.
You should know that EB5 has always been a popular project choice for global investors, but its schedule progress has always been the most concerned issue for immigration applicants at present. This new policy has been favorable to alleviating investors' troubles of scheduling and helping investors realize their dream of moving to the United States as soon as possible.
Let’s take a look at the application conditions of EB5
Application conditions:
1. The main applicant’s age meets 8 years old and is not wrong. It is not 18 years old, but 8 years old. Because the EB-5 schedule was too long before, the China Immigration Bureau allows applicants over 8 years old to apply for EB-5 immigration independently as the main applicant.
2. You can provide US$800,000 investment funds and explain its legal source. The source of funds can be gifts from immediate relatives
3. No criminal record can be provided
U.S. EB-5 investment immigration is the fifth priority professional immigration category established by the US immigration law for applicants for overseas investment immigration.The investment threshold for this category is generally set at US$1.05 million. If the investment target plan is located in the Target Employment Zone (TEA) that complies with national statistics, what is the target employment zone? It is a high unemployment area. The unemployment rate in this city is higher than the average unemployment rate in the United States, and it is considered a high unemployment area. In addition, rural areas with a small population, projects in these two areas can enjoy a preferential investment of US$800,000. In addition, the government gives applicants to national infrastructure projects to enjoy a preferential investment of US$800,000. Investors invest 1 million or 800,000 US dollars in a project and create 10 jobs to obtain a two-year conditional green card. 90 days before the expiration of the two-year period, if the project is still in operation and the employment target has been completed, the investor can become a permanent resident.
Interpretation of the new bill for the US EB5 Investment Immigration Project
The restart of the bill is no longer a simple re-authorization extension, but a complete set of EB5 reform bills: not only is it extended to September 30, 2027 at one time, but also added grandfather clauses that are crucial to applicants, but also included amendments to important clauses such as investment amount, visa allocation, TEA recognition, and employment creation.
The new EB5 bill changes the minimum investment amount of TEA area (target employment area) projects to US$800,000, and a two-year conditional green card can be issued.
The new bill reserves 3,200 green card quotas for TEA regional projects and infrastructure projects every year, without scheduling.
•Visa reserved 20% for rural areas projects (2,000 photos);
•Visa reserved 10% for high unemployment areas projects (1,000 photos);
•Visa reserved 2% for infrastructure projects (200 photos).
From the visa billboard in June 2022, the US green card schedule classification has been retyped, combining EB-5 regional and non-regional centers, and EB-5 (reserved categories: rural, high unemployment rate and infrastructure projects) has no schedule. There is no need to schedule a quota for 3,200 green card. Is this the return of the king? Let’s take a look at what the specific content of this reform is?
1. Price increase. The target employment area is TEA, with the investment funds rising from US$500,000 to US$800,000, and the investment funds in non-target employment areas rising from US$1 million to RMB1.05 million.
2. The quota of 10,000 visas per year remains unchanged, but the allocation method has changed. 3,200 visas are given away and there is no scheduled timetable. Among them, 2,000 are given to rural areas, 1,000 are given to urban areas with high unemployment rates, and 200 are given to government infrastructure projects. But the 3,200 visas reserved are not only for new investors.
3. In order to avoid the impact of the expiration of the bill or the change in policy on the applicant, the grandfather clause has been added, that is, applications submitted before September 30, 2026 are protected and will be tried in accordance with the original bill, so there is no need to worry about the change of the government or the expiration of the bill.
4. Establish an integrity fund. The Integrity Fund will be jointly funded by EB5 investors and regional centers to be used for risk control work such as Ministry of Homeland Security’s on-site inspections, financial audits, anti-fraud investigations and other risk control work on investment projects.
5. The calculation rules for employment creation have changed. Indirect employment can only account for up to 90%, and construction jobs cannot exceed 75%. This has higher requirements for investment projects to create employment.
6. The business plan for each new EB5 project needs to be pre-approved by the Immigration Bureau. Ensure the authenticity and safety of the project.
7. The conditions for the second-investment are relaxed. The new regulations are that as long as the investment is completed normally and employment creation is completed, any investment can be made except for passive investment in such as stock and bond , without geographical and industry restrictions.
8. Allow the Immigration Bureau to increase the application fee and speed up all kinds of applications related to EB5.
9. Whether it is 526 and 829 applications, new people and old people, the policy at the time of application submission shall prevail.
The new EB-5 policy is a major benefit for international students in the United States or families who already hold legal visas
For those applicants who already have legal residence status in the United States, the government will provide special benefits under the new policy.The new policy is down. For applicants who have legal residence in the United States, the biggest additional benefit is that after submitting 526 to obtain the file number (usually about 1 month after submission), you can submit 485 conversion status and 765 and 131, respectively, corresponding to:
1. Residence Right: After submitting 485, you can stay in the United States legally until you are approved. 485 is approved. 485 is approved, which means that you have transferred your US green card status and can live in the United States. It is simply understood that 485 has the right to legal residence in the waiting stage;
2. Work Right: After submitting 765, the approved work card is a work card, and work legally in the United States
3. Entry and exit rights: After 131 is approved, you can leave the United States for a short period of time. Therefore, it is particularly suitable for international students studying in the United States, or have already internships in the United States, or even waiting for the original EB-5 scheduled children of the applicant family
The above is the full content of the "Interpretation of the New Act of the US EB5 Investment Immigration Project" compiled by the editor of Huaxia Immigration. If you want to know more immigration policies and information, you are welcome to visit the official website of Huaxia Immigration!
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