Prospective investors are already having trouble moving capital out of the country
As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in China are doing whatever they can to get their EB-5 visa applications in before the current program is set to expire April. 28.
Changes to the program would have an outsized impact on developers who rely on EB-5 funds for their projects.
“Any interruption of the program or reduction in Chinese participation would have a meaningful effect on a development cycle that is already showing signs of strain in certain key U.S. cities,” Michael Shaoul, CEO at Marketfield Asset Management, told Bloomberg.
One of the biggest obstacles is how to get $500,000 out of China as officials there have cracked down on outbound capital.
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