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Hong Kong Business People Set their Sights on America

Hong Kong Business People Set their Sights on America

HONG KONG - Hong Kong's reputation as a haven for freewheeling business has steadily eroded since the territory was handed over to China from Britain in 1997. As anti-government protestors step up demands for democracy, and with demonstrations becoming more violent, however, the business environment is getting worse.

High-technology professionals, bankers and financiers head the list of those wanting to go to the United States, a desire that has taken on an added sense of urgency with the level of investment required for the EB-5 U.S. investment visa, known as the "golden visa," leaping to $900,000 next month from $500,000, where it has been since 1993, as part of an effort to stem money laundering.

The EB-5 visa grants a two-year conditional green card in return for investments in struggling parts of the United States, and applicants have until November 21 to apply under the current investment level.

 

Aliqismet BADALOV,
“Khalq qazeti”

28 October 2019 16:50 -
7 November 2019 | 15:10
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