CHINA-US: CAPITAL FLIGHT AND MIGRATION
The US programme which allows individuals bringing in US$ 500,000 in a project which generates at least 10 jobs and get EB-5 permanent residence visas was fully subscribed for the first time in 2014. EB-5 visas are capped at 10,000 annually. Chinese investors are the biggest users, accounting for 86 per cent of the visas issued last year. The programme presently has a backlog of 18 months comprising almost entirely of Chinese applicants. The latest place to benefit from Chinese cash after New York and California is Miami. |