The United States has long been one of the leading countries in attracting human resources due to reasonable economic development and social security policies. That is why, every year, a large number of citizens from all over the world want to find opportunities in this world’s number one economy.
In recent years, due to great demand, the number of applications for US immigration programs has begun to have a backlog, along with a new law on immigrant visas that has just been approved by the US government. The past may make the path to US settlement no longer as easy as before. Let’s find out more details with Westlife in the article below.
Important changes that US settlers need to know
In 2019, the new immigration law will officially take effect, which will have a significant impact on the two most popular US immigration programs today, EB-3 and EB-5.
EB-5 US immigration program:
This is an investment program for permanent residence built by the US Congress in 1990, with the aim of supporting workers, boosting the economy and helping disadvantaged areas by calling for foreign investment capital. outside. Under the EB-5 program, individuals are considered eligible to apply for a conditional green card if their investment in a commercial enterprise in the United States meets the requirements of the new law, and generates (or in certain cases maintain) 10 full-time jobs for U.S. legal workers.
The EB-5 US immigration program gives foreign investors the following benefits:
Get a US green card for the whole family (spouse and unmarried children under 21 years old).
Enjoy all the benefits as an American citizen.
Children of investors will be able to study for free in the US until the end of high school, when going to university, it only costs 1/3 of the cost compared to international students.
Investors can completely maintain their jobs and assets in Vietnam without being bound by the time of living in the US.
Move back and forth between Vietnam and the US without a visa
Consulting for US immigration under EB-5 investment: Get a green card by investing in projects
Currently, the EB-5 minimum investment is $500,000 for projects located in a key unemployment area (TEA) and $1,000,000 for non-TEA projects. However, after 11/21/2019, when the new law comes into effect, the standard minimum investment will increase from 1,000,000 USD to 1,800,000 USD, to balance with inflation. The law also keeps the minimum investment differential of 50% between TEAs and non-TEAs, so the minimum investment amount in TEAs will increase from $500,000 to $900,000. In addition, from now on the minimum investment will automatically adjust for inflation every 5 years. This is information that all investors need to know before planning to invest in a family settlement. Westlife, proud to be a reputable and professional US immigration consultant, always updates customers with the latest and most accurate information.
EB-3 US immigration program:
This is a work-based immigration program that attracts many foreign citizens because it offers both career development opportunities and benefits for the whole family.
Westlife has advised many clients to immigrate to the US for employment
According to the US Department of Immigration, there are many groups of industries with serious shortage of human resources, when applying for jobs in these industry groups, foreign citizens will have the opportunity to receive a US green card:
Industry groups requiring qualifications: nurses, computer engineers, programming engineers, accountants, construction, education…
Industry groups that do not require qualifications: working in farms, restaurants, hotels, craft facilities …
Benefits for foreign workers:
Get an unconditional green card with your family.
Enjoy all the same benefits as US citizens.
Children of employees will be exempted from school fees until the end of high school. Tuition fees at universities will be 40% cheaper than international students.
Have the opportunity to work, stable income in the future
There is a developed and modern living environment.
Most Vietnamese when immigrating to the US under the EB-3 job category are in the group of unskilled workers, no qualifications are required. This was once considered the optimal route to immigrate to the US, due to its low cost but the same benefits as the EB-5 investment. However, recent policies of US President Donald Trump have made immigration through EB-3 increasingly difficult. For employment-based settlements, Trump’s policy in 2019 will be to give full priority to workers with qualifications and expertise. For that reason, Vietnamese workers will soon face fierce competition from countries with high-quality labor sources, typically India.
