US L1 visa favored by Chinese investors as EB5 immigrant investor green card faces Trump changes

This article was published by workpermit.com on May 14, 2017 and features commentary from Reaz Jafri. 

A report published by Forbes – a leading global media company – states that Chinese investors are turning to the US L1 visa to extend their stay in America. The report comes amid increasing uncertainty over the future of the EB5 green card program.

According to Forbes, the controversial EB5 immigrant investor scheme is ‘losing its appeal’ among Chinese investors. This has been attributed to a waiting list that spans several years, the possibility of the minimum investment threshold being increased, and the growing concerns about the program – including a rise in the number of fraud cases.

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