Experts predict that the TEA stands for the Targeted Employment Area will have few EB-5 investment projects worth US $ 900,000. Even after the Covid-19 pandemic, the US also wanted foreign investment to increase its recovery, but with that, the unemployment rate would be at risk of increasing more than 150% of the national average.
Therefore, a timely and safe time for investors to apply for EB-5 registration, before September 30, 2020 with the following 4 advantages and advantages: Enjoy a preferential investment of US $ 900,000 with the following The project belongs to the tea region of the fiscal year 2020, and has not been affected by the rising unemployment in the US. If fy to 2021, EB-5 investors will most likely have to invest up to 1,800,000 usd non-tea area.
Opportunity to shorten processing time for i-526 applications and issuance of immigrant visas (green cards) by increasing the quota to 778 EB-5 visas in 2020 with the hope of receiving a large number of un-issued visas of China (more than 5,000 visas) can transfer to Vietnamese investors due to pandemic.
Children near the age of 21 still keep up with parents participating in EB-5 thanks to the child protection law of their children will be "frozen" during the process of processing and processing i-526 applications.
In addition, with the new handling of EB-5 records applied from March 31, 2020, investors with children up to the age of 19 are safe to join the program. The regional center program will continue to be extended until September 30, 2020. Thus, in the next 2 months, there will be no changes related to indirect EB-5 investment through the regional center.
COVID-19 has an impact on the number of available pandemic visas, making consular processing in the EB-5 processing process suspended. The State Department has canceled all immigrant and nonimmigrant visa appointments since March 20, 2020. The News and DOS page (US Department of State) has yet to announce any timeline for continuing visa services worldwide. Except for the announcement that USCIS offices will reopen after June 4, 2020.
In October 2019, the State Department announced that there would be 11,112 EB-5 visas for 2020. Of which India and Vietnam can expect 778 visas per country, and an estimated 5,270 visas are left for China. Quoc. DOS generally grants visas available gradually throughout the year, about a quarter every quarter.
But the actual speed of visa issuance has been slow with the consulate closure, according to the monthly report on visas issued abroad. The number of EB-5 visas issued to Vietnam from October 2019 to April 2020 is 375. Thus, it can be seen that, from May to September 30 (the end of the fiscal year 2020), 52% of EB-5 visas will be granted to Vietnamese EB-5 investors, equivalent to 403 visas if the situation advantage.
All the details please contact us:
Please share with us some of your information, we will contact you upon request