The application period of American investment immigrants may be extended.

The application period of American investment immigrants may be extended.

In the past seven years, EB-5 investment immigrants in the United States have won wide recognition for their short application period, high success rate and excellent educational resources in the United States, and the number of applicants has been rising. However, a recent report released by the Immigration Bureau pointed out that the application time for EB-5 in the United States will be extended and the success rate is not optimistic.

People in the immigration industry pointed out that the honeymoon period of EB-5 in the United States has long passed, and the expiration of the policy on September 30 next year will also set off a red alert for immigrant applicants. Employees should be prepared objectively and face it rationally. Applicants should apply as soon as possible and seize the opportunity.

The number of regional centers and applicants has surged.

On March 17, the just-concluded USCIS meeting disclosed a series of EB-5 related data. The report shows that in the first quarter of fiscal year 20 1 1, the number of regional centers for American immigrants has increased to 125. Because the regional center has the advantage of only investing 500,000 dollars and accepting indirect employment opportunities, 90% of EB-5 immigrants in the United States will choose the regional center as their investment destination, and the other part will choose to invest 6,543,800 yuan independently. The increase of regional centers brings investors the opportunity to choose, but the mixed quality of projects also increases the investment risk of applicants.

The report also points out that the number of I-526 (applying for immigration) has reached 70 1 in the first quarter, accounting for about 30% of the total number of 20 10, while the number of I-829 (applying for termination conditions), another key step of American investment immigration, has reached 53 1, accounting for 69% of the previous year.

The data fully illustrates the sustained and steady growth of EB-5 project after years of good operation, and also indicates that a large number of applications may be brought about by the upcoming adjustment of EB-5 policy next year.

Interstates 526 and 829

The support rate has dropped.

The report shows that the growth of I-526 applications has reached a new high, and there is also a refusal rate of 28%, which is a new high in the past three years. More and more regional centers and intermediaries participate in the promotion of EB-5 projects in the United States, which not only brings about a sharp increase in the number of applications, but also produces problems such as lack of experience and poor grasp of documents, which leads some investors to apply directly for the first level.

At the same time, the success rate of I-829 application (cancellation of green card conditions) is about 75%, and the refusal is mainly due to the failure of investment projects or employment defects.

The above reminds applicants once again that choosing a mature intermediary is the primary key for American investment immigrants. The requirements for investment immigration documents in the United States are quite different from those in Canada, Australia and other countries. Investors should choose an intermediary with American immigration experience to apply for documents for themselves. At the same time, pay attention to the creation of employment opportunities and the safety of investment funds in project selection.

Extension of application period:

Planning will take about 1.5 years.

The continuous increase in the number of applications and the stricter examination have directly led to the extension of the application cycle.

According to the report of USICS, at present, the test progress has reached about 20 10 in July, and the cycle has reached eight months. A six-month trial procedure is no longer realistic. The Immigration Department advises applicants to wait patiently.

The data obtained from lawyers also show that the rate of requesting supplementary documents by the Immigration Bureau has increased, accounting for 20% of the total application volume, and supplementary documents will also cause delays in cases. Except for the trial period of I-526, the queue time of face-to-face visa in Guangzhou Consulate General is about 6 months, so the total application period is about 18 months.

Moreover, with the retrial of the Act of September 30th, 20 12, the application period may be extended to the middle of next year.

Industry advice:

Treat it rationally and seize the opportunity

20 10 with the continuous adjustment of immigration policies in developed countries around the world, some investors are worried about whether this bill will stop next year. Overseas Chinese believe that judging from the current growth rate of regional centers, USICS fully recognizes the positive role brought by EB-5 Act, but does not rule out the possibility of canceling the preferential policy of 500,000 yuan and restoring the investment requirement of 6,543.8+0,000 US dollars.

Ms. Tu Yijuan, General Manager of Overseas Chinese Immigration Shenzhen Branch, said: Every investment immigration project has a process from loose to tight. At the beginning, the government welcomed it. When the number of applicants increases, the government of the receiving country will definitely choose the best one and refuse to sign, which is in line with the development law of immigration projects.

On September 30th, 20 12, the existing EB-5 Regional Center Act of the United States will expire soon. Just as all projects in the past will bring a peak of application before closing, the application situation next year will be more severe than this year. For the applicant, it is necessary to objectively analyze the current family situation, seize the current opportunity, and avoid the regret caused by the closure of the US immigration policy or the price increase.