>Last year, the U.S. issued 6,895 visas to Chinese nationals under the EB-5 program, which allows foreigners to live in America if they invest a minimum of $500,000. South Koreans, the next largest group, got only 364 such visas. Canada this year closed down a similar program that had been swamped by Chinese demand.
The fact that Canada closed down an immigration program where each individual would bring in $500k to the economy is just depressing. So much immigration law is just pure, unabashed racism.
If this were just about buying houses I understand that reasoning, but if its an investor visa, I imagine you need to actually put that money into something "productive".
The fact that Canada closed down an immigration program where each individual would bring in $500k to the economy is just depressing. So much immigration law is just pure, unabashed racism.