US EB-5 Program will Benefit from Changes in Canadian Investment Program

Recent changes to Canadian immigration program has forced Chinese investors to look into the U.S. EB-5 investors program.

Canadian investment program became a dominant program among Chinese emigration agents for the last 15 years. Since the 90's Canada has been a major destination for Wealthy Chinese investors. But to qualify, the investors has to own at least $1,000,000 assets and unconditional permanent residence can be obtained if the investors deposits $800,000 for 5 years with the Canadian Federal Government or  by the Province of Quebec. The majority of 600+ licensed Chinese emigration agencies are now beginning to explore EB-5 program and investor program in European countries.

The most recent development that dramatically has changed the emigration industry in China is that the Canadian program reached its allocated quota in 2011 and is now “closed for renovation” leaving most China’s emigration agents with less profitable products they can choose to offer to their clients. The Canadian emigration authority is suggesting that the government may develop the current program into an entrepreneur-investment program which would be requiring the acquisition of a business in Canada. Making it even worse for the Chinese emigration business, On April 12, 2012 the Quebec emigration program has already reached its allocated quota of 27,000. Quebec program is now closed, it also closes the door to thousands of Chinese investors and have disappointed China’s agents since they don’t have anything to offer to their clients until March, 2013 when the program reopens again. Now, many Chinese emigration brokers are looking into the U.S. EB-5 program which is becoming an important business option for them. 

Based on a April 20 survey, 20 million Chinese population is interested in emigrating to the US and other countries.


Source: EB-5 News


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