EB-5 Investor Visa

Two recent news articles reflect the growing demand of EB-5 visas among wealthy Chinese.

1. Canada kills investor visa popular with Chinese

Canada is killing a decades-old investor program that had allowed scores of wealthy Chinese to move to the country over the years.

The program allowed rich foreign investors to apply for permanent residency in Canada if they had a minimum net worth of 1.6 million Canadian dollars ($1.5 million) and invested 800,000 Canadian dollars in the form of a multi-year, interest-free loan to the government.

But the government has decided to scrap the program after finding it provided little economic benefit.

Please click link above for complete article.

2. Rich Chinese overwhelm U.S. visa program

A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash.

The number of applicants is now so great that the government might run out of permits.

Any foreigner willing to commit at least $500,000 and create 10 jobs in America can apply for an investor immigrant visa — also known as an EB-5.

The demand from mainland Chinese eager to move abroad has already led the U.S. government to warn the program could hit a wall as early as this summer.

Please click link above for complete article.

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