Rules Limiting Immigration Expected To Be Lifted
13th January 2021
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EB5 Capital, one of the oldest operating Regional Centers in the EB-5 industry in the United States, has noticed that some investors were waiting for the outcome of the U.S. elections to see whether they can and want to move or not. Immigration is a heavily discussed topic in the United States of America and both political parties have a totally different view on it. With Joe Biden as the new President of the United States of America, EB5 Capital expects the rules limiting immigration to be lifted.
As EB5 Capital raises money from investors overseas within the EB-5 Immigrant Investor Visa Program, the election of Biden as President of the United States of America will have an impact on their activities. During these past four years, the Trump Administration rolled out some of the most restrictive immigration actions the U.S. has ever seen. Over 900 immigration policy restrictions were implemented. These are examples of two “rules” that put a brake on immigration to the United States of America.
- The Proclamation “Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak”
- Executive Order 13769, politically labelled as the “Muslim Ban”
Biden becomes the new President of the U.S.A.
On the immigrant front, while there are many restrictions in place, there are two particularly important “rules” that have an impact on immigrants who want to come to the United States of America.
On the immigrant front, while there are many restrictions in place, there are two particularly important “rules” that have an impact on immigrants who want to come to the United States of America.
Firstly, the Proclamation ‘Suspending Entry of Aliens Who Present a Risk to the U.S.A. Labor Market Following the Coronavirus Outbreak’. This Proclamation has been implemented by President Donald Trump to protect U.S. workers during the COVID-19 pandemic and bans all immigrant and nonimmigration visas with limited exceptions, including the EB-5 visa. It was issued in April 2020, re-issued in June 2020, and recently extended through March 2021.
Secondly, Trump implemented ‘Executive Order 13769’, politically labelled as the “Muslim Ban”. This ban excludes people from a total of 13 countries from coming into the United States of America.
“President Biden has pledged he will lift both the Proclamation and the Ban in the near future. While EB-5 was one of the few exemptions under the Proclamation, the Muslim Ban has impacted some of our investors who could not finish the process. We would like all investors to be able to finish the entire process once they have invested. Now, we’re looking forward to welcoming investors from all over the world again”,
The effect of the election outcome on EB5 Capital
The outcome of the elections will certainly impact the investors of EB5 Capital, as the Regional Center raises money from investors overseas who want to immigrate to the United States of America. The EB-5 visa program was one of the only green card options available during 2020 due to its job-creation element. However, despite the programme being available, many foreign investors were hesitant to apply due to the uncertainty with Covid-19 and the US presidential election.
The outcome of the elections will certainly impact the investors of EB5 Capital, as the Regional Center raises money from investors overseas who want to immigrate to the United States of America. The EB-5 visa program was one of the only green card options available during 2020 due to its job-creation element. However, despite the programme being available, many foreign investors were hesitant to apply due to the uncertainty with Covid-19 and the US presidential election.
“We have greater clarity stepping into 2021”, said Juline Kaleyias, Director of Business Development. “With a new president being sworn in next week and vaccines in circulation, we recommend new investors to reach out to their immigration attorneys to continue their pathway to the U.S.,” concludes Juline.
The profile of an EB5-investor
EB5 Capital has investors from 70 different countries. The top 5 of countries’ investors are from: China (40%), India (12%), Vietnam (9%), South Korea (8%) and Russia (5%). In total, there are around 650 EB5 Capital investors currently living in the U.S.A., across 34 states and D.C. The top 5 states that investors chose to live in are California (33%), New York (12%), Florida (7%), Massachusetts (6%) and Texas (5%). Around 20% of the investors of EB5 Capital are students. President of EB5 Capital, Brian Ostar, explains: “Most of these young adults get sponsored by their parents, who believe that their children will have a better future if they come to the U.S.A. to study and work here.”
EB5 Capital has investors from 70 different countries. The top 5 of countries’ investors are from: China (40%), India (12%), Vietnam (9%), South Korea (8%) and Russia (5%). In total, there are around 650 EB5 Capital investors currently living in the U.S.A., across 34 states and D.C. The top 5 states that investors chose to live in are California (33%), New York (12%), Florida (7%), Massachusetts (6%) and Texas (5%). Around 20% of the investors of EB5 Capital are students. President of EB5 Capital, Brian Ostar, explains: “Most of these young adults get sponsored by their parents, who believe that their children will have a better future if they come to the U.S.A. to study and work here.”
