Wealthy Arabs are rushing to sign up for a U.S. program offering investors green cards for cash as they try to beat a crackdown on immigration by President Trump.
Three companies in Dubai offering legal advice on immigration say they have witnessed a spike in demand for U.S. investment visas since Trump's travel ban -- now blocked by the courts -- on citizens from seven Muslim-majority countries.
"We've received a greater number of inquiries and client enrollment since the commencement of the Trump presidency," said Preeya Malik, managing director at Step America, a firm that provides consultancy services on U.S. investor visas. "Investors can see how immigration laws are shifting rapidly and are looking to finalize their options before any new rules take place."
Known as EB-5, the immigration program hands out green cards to foreigners who invest at least $500,000 and create 10 jobs in the U.S. The program caps the number of visas issued annually at 10,000.
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