Trump 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.
“The suspension and limitation on entry pursuant to … this proclamation shall not apply to … any alien applying for a visa to enter the United States pursuant to the EB-5 Immigrant Investor Program,” the order states.
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.
The EB-5 visa program comes with little requirements, asking that visa-holders create at least ten American jobs and help revitalize “distressed” areas, though more often than not investors fund projects in wealthy zip codes.
Currently, 10,000 foreign nationals and their families are allowed to enter the U.S. every year through the EB-5 visa program. The overwhelming majority of EB-5 visas are rewarded to China’s elite — driving a migration of rich Chinese to cities across the country.
As Breitbart News noted, in the last three years, nearly 30,000 foreign nationals — 80 to 90 percent of which are from China — were able to obtain EB-5 visas. The number of EB-5 visas rewarded to Chinese nationals is, in some cases, 40 times the rate at which these green cards were once given out.
- New York
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.