Tax Implications of Gaining Permanent Residence through the US EB-5 Visa

Overview of the Tax Implications of Gaining Permanent Residence through the US EB-5 Visa EB-5 Visas allow foreign entrepreneurs and business owners to acquire conditional residency in the United States of America. This conditional residency can be followed by an application for permanent residency in the country. The economic opportunities and the political freedom that…

Concerns over Drastic Fall in Canadian Citizenship Demand amongst Permanent Resident Immigrants

A drastic decrease in the proportion of immigrants seeking Canadian citizenship, from 79% in 2000 to 26% in 2008, is raising fears that new rules and fees are discouraging immigrants from becoming Canadian citizens. Analysis of citizenship data has led to former Citizenship Director-General, Andrew Griffith, to warn about the implications of immigrants becoming disenchanted…

DHS Investigation Reveals Instances of Favoritism and Special Access in the EB-5 Program

Internal investigations conducted by the Department of Homeland Security have found allegations of intervention of a top DHS official into EB-5 projects backed by Virginia Gov Terry McAuliffe and Senator Harry Reid to be true. The report prepared by the DHS Inspector General holds the deputy secretary of DHS guilty of creating the impression of…

Jamaica Set to Introduce Residence through Investment Program for Wealthy Foreigners

With its main investment vehicle, JAMPRO confirming the government’s interest in implementing an investment immigration program, Jamaica is set to become the next Caribbean country to offer residency in exchange of investment from wealthy citizens of foreign countries. The program is expected to offer a special immigration status to individuals bringing significant investments into the…

Jeju Island Investment Immigration Visa- Popular Amongst Chinese Investors

Amidst growing media spotlight on Chinese investors opting for investment immigration visas in developed countries, the investment visa offered by Jeju Island in South Korea is attracting Chinese investors who are seeking an affordable option that allows them to stay in a foreign country without any privacy issues. Despite the influx of a large number…