Recently, there has been a great deal of discussion on the fate of the EB-5 visa program and what sort of impact the US presidential election and its surprise result will have on immigration laws in general in the US.
The Eb-5 visa program, also referred to as the Immigrant Investor Program, grants visas to foreign investors who invest at least $500, 000 into a U.S. project that will create a minimum of 10 jobs for US workers.
Some Changes Expected, But The EB 5 Program To Continue
As most people who followed the presidential debates are aware, Donald Trump was very much anti-trade, anti-Trans-Pacific Partnership (TPP), anti-North American Free Trade Agreement (NAFTA), and against the ability of other countries to manufacture and ship product to the United States in a way that undercuts American companies that produce the same goods.
So, while we can anticipate some difficult trade and foreign policy negotiations between the United States and countries like China, who are very much involved in the US market, many of the other arrangements between the US and other countries will remain in place under the Trump administration.
Likewise, though some reforms to the EB 5 program are expected, experts across the nation are optimistic about its future. Some even believe that the EB 5 program will grow to new heights under a Republican administration.
Trump’s Position On Immigration
When it comes to Donald Trump’s position on immigration, authorities like former Governor of New York George Pataki believes that he has been widely misunderstood. He believes that President-elect Donald trump won for a lot of reasons, one of them being his strong stand against illegal immigration. However, the distinction between illegal immigration and legal immigration often gets blurred in the media and the general public.
Many people are under the assumption that Donald Trump is anti-immigration. When in fact, what he has expressed is a strong opposition to illegal immigration. So, when he talks about things like building a wall on the US-Mexico border, his aim is not to end immigration, it is to stop illegal immigration.The EB-5 program is legal immigration and some experts even believe that the President-elect will be a strong supporter of the legal immigration programs.
Not only does the EB-5 program promote legal immigration to the US, it brings much-needed investment capital but also jobs to the United States. As a developer himself, Donald trump understands the need for investment capital and appreciates the positive impact the program has on the US Job market.
Despite the rhetoric and fears that have been raised in regards to President-elect Donald Trump’s effect on immigration to the United States and the EB-5 program, in particular, only those wishing to immigrate to the United States illegally have legitimate cause for concern.
Those who are interested in immigrating to the United States under the EB-5 Immigrant Investor Program are encouraged to feel secure in knowing that the EB-5 program generates the type of immigration that is welcomed in the United States.
Congress may make reforms to the EB-5 program, but experts expect it to continue to provide both investment capital for US developers, jobs for US workers, and opportunity for investment and green cards for qualified foreign investors and their families.
For more information on the EB-5 program, contact the EB-5 lawyers at David Hirson & Partners online or call 1-949-383-5358 today.