The EB-5 visa program has long been a popular means for foreign investors to gain US residency through investments. However, recent policy changes have made the EB-5 program less attractive, leading some investors to consider alternative destinations like Canada instead. This article analyzes how immigration policies impact foreign investment flows, using the EB-5 program and florida investments as a case study.
Policy changes make EB-5 program less appealing for florida investments
The EB-5 program historically required a $500,000 investment to be eligible for a green card. However, the new EB-5 modernization regulation raised the minimum to $900,000, pricing out many potential investors. Additionally, restrictions were added on how states can designate high unemployment Targeted Employment Areas (TEAs). A lawsuit was even filed by a Regional Center in Florida to halt the new EB-5 rules. These changes make the EB-5 visa route longer and more expensive than before for those interested in florida investments.
Canada emerges as alternative destination for florida investments
Faced with a more difficult EB-5 program, some investors are now looking to Canada instead of the US for immigration. Canada offers competitive advantages in education, quality of life, pathway to US, and immigration policies. For example, the Canadian government set a goal to host 450,000 international students by 2022 through Study Direct Stream. Also, graduates have better opportunities to stay and work in Canada. With options like skilled worker immigration, Canada now attracts those who previously only considered florida investments for the EB-5.
Recent US policy changes have diminished the popularity of the EB-5 program for foreign investors targeting florida investments. As a result, countries like Canada are now viable alternatives for investors seeking residence abroad, demonstrating how immigration policies directly impact investment flows.