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Donald Trump needs to limit the migration of China's super rich to the U.S., especially the allowing of the so-called "golden visa" or the EB-5 visa.
green card eb5
is the ticket for most
super rich to put money into the U.S. Trump is taking a different stand, although many
want to leave it alone.
Nuri Katz, head of financial services firm Apex
Partners, said, "As such, I do not think that Trump will begin any changes to the EB-5."
"Having stated that, many other people, including many representatives and senators do wish to modify or fight the
regional center program
entirely, so that'll happen despite what Trump may think or desire," he added.
The EB-5 visa is provided to individuals that have invested $1 million in the U.S. and will provide work for at least 10 American workers. It had been ratified by the Congress in 1990.
Overall investments have amounted to $13 billion since 2008, which may have created thousands of jobs for Americans.
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