An overly creative immigration lawyer, seeing the years-long backlog for EB-5 visas for the Chinese, has suggested using the immigration policy of a tiny island nation, Grenada, to maneuver around U.S. immigration rules.
The EB-5 program is for passive alien investors, giving them a family-sized bunch of green cards in return for a $500,000 investment in a scheme OK’d by, but not guaranteed by, the Department of Homeland Security. The price is so low, and the benefit (permanent residence in the United States) is so generous, that rich and insecure Chinese have gobbled up all the visas available (to Chinese aliens), creating a huge waiting list for these numerically limited documents. There are 10,000 of them granted annually, world-wide, and given the elements of the immigration law intended to promote diversity in the flow, there are provisions against too many people entering from the same country (any country) on any given visa. So there is a backlog, but just confined to applicants from China.
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