Thursday, June 1, 2023 - EB-5 Investors Magazine recently published an article on the EB-5 Visa Program and its incredible surge in the Chinese market. FPP's Director of China, Wenbo Yang, provided his insights on the unprecedented opportunities for investors seeking U.S. residency and citizenship.
During China’s zero-Covid policy and subsequent lockdown, investment immigration consultancies saw a surge in inquiries from nationals seeking to relocate their families to other countries for better opportunities. One program that has witnessed this in particular is the EB-5 Investor Program, which has seen the greatest interest by Chinese nationals.
“We have seen more activity in China this year than we have in the past five years,” says Wenbo Yang, director of China for FirstPathway Partners.
Yang says one reason is the EB-5 Reform and Integrity Act of 2022 (the RIA). He says another reason the China market is heating up again is due to the end of China’s COVID-19 lockdown and policies.
The EB-5 Reform and Integrity Act of 2022 is credited with bringing a surge of interest in the EB-5 Immigrant investor program. Yang says with the 32% of EB-5 visas set aside for the new queue, Chinese investors won’t need to wait in the existing backlog queue.
“It is estimated there are over 50,000 China born investors in the unreserved backlog queue. The new set aside queues for rural, high unemployment, and infrastructure have given Chinese investors an opportunity to enter a new line without the long wait,” says Yang.