Successful Chinese families have looked across the world for immigration by investment options and have historically dominated most country’s programs, often meeting or exceeding country quotas. The EB-5 industry certainly benefitted from billions of dollars in Chinese capital. Yet, 2014 proved to be a major turning point with the country driving applications to the 10,000-visa limit for the first time in history. Now, four years later, USCIS estimates that retrogression may result in a more than 10-year wait for permanent residency, a nonstarter for many families that will instead take their capital to other countries.
The United Arab Emirates recently became the latest in a long list of countries offering Grenadian citizens visa-free access, after a Memorandum of Understanding between the two countries was signed by Her Excellency Ms Keshia A. McGuire, Ambassador and Permanent Representative to the United Nations for Grenada, and Her Excellency Ms Lana Nusseibeh, her counterpart for the United Arab Emirates.