Investment visa as means to citizenship in other countries
"If you are rich, you can purchase an investment visa (and citizenship in another country).
In USA, for example, will take just $1 million for a green card, offering residence. That’s for an investment that generates 10 jobs for at least two years, although under the so-called EB-5 program, investment in a public development project can be a less-risky substitute.
This figure halves ($500,000) if the investment is in a rural area or in an industry suffering from high employment (many people qualifying for and wanting the same job).
Terms from other countries vary:
Investing 1 million pounds ($1.55 million) in the U.K. will buy up to five years of residency.
Purchasing 500,000 euros ($557,000) worth of Spanish property grants foreigners residency for as long as the property is retained.
None of these visas are restricted to Chinese nationals, its for ANYONE with $500,000 or more in cash.
However, China’s the place to find nouveau riche these days, and since being introduced, the programs have all been dominated by potential investors from the Middle Kingdom who want out.
Chinese citizens made up eight of 10 investor visas (80%) issued by the U.S. State Department last year. George Osborne, the British chancellor of the exchequer, declared that the U.K. would focus on making it easier for Chinese investors to enter the country (so the U.K. wants your money).
Canada is going in the opposite direction. It canceled its investment visa earlier this year after the process became overrun by Chinese applicants. Canada is the cheapest route out of any country, especially Vancouver.
Chinese parents are concerned about raising kids in an environment with filthy air and a critical lack of clean water.
What’s in it for Chinese? Foreign markets rebounding from recession can sometimes provide profitable opportunities. They boast an investment environment free from corruption, patronage and government control, at least relative to China.
But realistically, economic opportunities do not top the list for many émigrés. China’s not an easy place to live. They kill, torture and eat cats and dogs there - alllll Asian countries do this -- they also torture bears (bile bears) and probably more animals than this ... (don't get me started on atom bombs and the need for atom bombs with this). Wealthy Chinese parents are becoming increasingly concerned about raising kids in an environment with filthy air, not to mention a critical lack of clean water and constant food and beverage safety scandals. Asian "culture" is harsh by the entire world's standards.
Calculating prospective parents can also use the visas as a means to obtain foreign nationality for their children, if they’re born abroad. Later, if those children return to China with a foreign passport, they’ll be able to attend international schools, which are off-limits to Chinese nationals. It’s also easier for them to travel and attend university abroad. Unscrupulous businessmen may be looking to escape China with their wealth intact before the government’s current anti-corruption campaign catches up with them."
In USA, for example, will take just $1 million for a green card, offering residence. That’s for an investment that generates 10 jobs for at least two years, although under the so-called EB-5 program, investment in a public development project can be a less-risky substitute.
This figure halves ($500,000) if the investment is in a rural area or in an industry suffering from high employment (many people qualifying for and wanting the same job).
Terms from other countries vary:
Investing 1 million pounds ($1.55 million) in the U.K. will buy up to five years of residency.
Purchasing 500,000 euros ($557,000) worth of Spanish property grants foreigners residency for as long as the property is retained.
None of these visas are restricted to Chinese nationals, its for ANYONE with $500,000 or more in cash.
However, China’s the place to find nouveau riche these days, and since being introduced, the programs have all been dominated by potential investors from the Middle Kingdom who want out.
Chinese citizens made up eight of 10 investor visas (80%) issued by the U.S. State Department last year. George Osborne, the British chancellor of the exchequer, declared that the U.K. would focus on making it easier for Chinese investors to enter the country (so the U.K. wants your money).
Canada is going in the opposite direction. It canceled its investment visa earlier this year after the process became overrun by Chinese applicants. Canada is the cheapest route out of any country, especially Vancouver.
Chinese parents are concerned about raising kids in an environment with filthy air and a critical lack of clean water.
What’s in it for Chinese? Foreign markets rebounding from recession can sometimes provide profitable opportunities. They boast an investment environment free from corruption, patronage and government control, at least relative to China.
But realistically, economic opportunities do not top the list for many émigrés. China’s not an easy place to live. They kill, torture and eat cats and dogs there - alllll Asian countries do this -- they also torture bears (bile bears) and probably more animals than this ... (don't get me started on atom bombs and the need for atom bombs with this). Wealthy Chinese parents are becoming increasingly concerned about raising kids in an environment with filthy air, not to mention a critical lack of clean water and constant food and beverage safety scandals. Asian "culture" is harsh by the entire world's standards.
Calculating prospective parents can also use the visas as a means to obtain foreign nationality for their children, if they’re born abroad. Later, if those children return to China with a foreign passport, they’ll be able to attend international schools, which are off-limits to Chinese nationals. It’s also easier for them to travel and attend university abroad. Unscrupulous businessmen may be looking to escape China with their wealth intact before the government’s current anti-corruption campaign catches up with them."
Replies
Myth of the Anchor Baby
It should be noted that citizenship by birth is not as carte blanche as one might believe. I often see comments on stories that talk as if a person can come across the border, have a child and stay in the country indefinitely. That isnt the way it works.
You may not be aware that the mere birth of a child in North America does not guarantee the child nor their parents the right to live in the United States or Canada, while they are a child (though it should as per the FOURTEENTH AMENDMENT), right now until the child reaches the age of majority, they may want to live in scandinavia where education, including college and grad school is FREE.
If the child\'s parents are removed from the U.S. or Canada, even if they have a native born child, because they do not have lawful status in the country. Some time after the child becomes an adult, THEN they will be able to return to the U.S. or Canada legally (twenty years later).
Once a citizen child reaches 21 in the case of the United States and 18 in the case of Canada, that child can return to North America and eventually sponsor their parents to legally immigrate to the country of citizenship
That was really interesting and very informative. Thanks for sharing.