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Friday, April 24, 2020

Immigration Pause Exempts EB-5 Visa Program for Chinese Investors

President Trump’s executive order pausing some green card issuance specifically exempts a visa program allowing China’s elite to effectively buy American citizenship for themselves and their families.

On Wednesday, Trump signed an executive order pausing visa processing for foreign nationals seeking employment-based and extended family green cards. The order comes with a series of expansive exemptions for all visa worker programs which include H-2A visas, H-2B visas, and H-1B visas.

Most significantly, the order makes a particular exemption for the EB-5 visa program that delivers green cards mostly to China’s wealthiest investors and their families.

Under the EB-5 visa, wealthy Chinese nationals can claim to be investing $500,000 in the U.S. in order to receive green cards for themselves and their families. Within five years of residency in the U.S., these investors and their family members are able to apply for American citizenship.

More here

3 comments:

  1. There’s a difference between investing in a company and buying controlling stock or even outright ownership. This is a slippery slope and it’s all downhill.

    ReplyDelete
  2. Dugh , just keep letting them in to Infect us all !!! Dumb !!!

    ReplyDelete

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