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Chinese investors get picky over US visa-for-cash deal
By Juwai, 19 March 2013
Through the EB-5 programme, American businesses were able to raise over US$1.8 billion in the fiscal year ended 30 September 2012.
The EB-5 programmed awarded 7,641 visas to foreigners, 80% of which were Chinese investors.
The number of EB-5 funds has surged since 2007, growing from just 11 to more than 230 today (see WSJ's interactive map here). Businesses ranging from fast-food franchises to biofuel facilities to meatpacking plants now compete for EB-5 funds. Many Wealthy Chinese view the US as a desirable place to park assets, educate their children and establish residency.
Immigration-consulting firms have popped up in China to tap into this growing opportunity and connect US businesses with Chinese investors.
Read more on WSJ.com.
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