America’s immigrant visas: what future holds for Chinese investors
While US President Donald Trump’s review of a visa programme for skilled workers has grabbed the headlines, changes are also looming for those seeking residency through investment
As the first 100 days of the Donald Trump presidency draw to a close, it has already become clear that US immigration reform is a priority.
During his first weeks in office, Trump’s executive orders clamping down on travel to the US by citizens of a handful of Muslim-majority nations prompted widespread controversy, while last week he ordered a review of the H-1B visa programme, which is relied on by technology firms to bring in high-skilled foreign workers.
Meanwhile, in a move that could have particular consequences for Chinese, the future of America’s immigrant investment visa programme – the EB-5 visa – has also come under review.
What is the EB-5?
In 1990, the US Congress created the EB-5 programme, allowing conditional residency and eventual lawful permanent residency (green cards) to foreigners who invest US$1 million in new commercial enterprises that create at least 10 full-time jobs.
How Trump and Turnbull dealt a double whammy to Indian techies
