You can buy your way into the country using the EB-5 program.
Under the EB-5 program, a foreigner who invests at least $500,000 in a qualified U.S. business is entitled to a green card, provided the investment puts at least 10 Americans to work.
So many are doing it that the program is running short of available visas. The program is also fraught with corruption and hanky panky. Are jobs really being created or is this just a money grab? More than 80 percent of the applicants In the U.S. program, are from China..
A new report shows that 64 percent of Chinese millionaires have either emigrated or plan to emigrate—taking their spending and fortunes with them. The United States is their favorite destination. A lot of them are buying and building homes in the U.S and the Los Angeles area is a favorite place,
The report from Hurun, a wealth research firm that focuses on China, said that one-third of China’s super rich—or those worth $16 million or more—have already emigrated.
The main reasons rich Chinese are leaving is to pursue better educations for their kids, and to escape the pollution and overcrowding in urban China.
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