Kushners tap China’s $24B ‘golden visa’ market

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And a former Portuguese interior minister and other senior government officials have been on trial since February for corruption, influence-peddling and misconduct in handling “golden visa” applications of investors linked to three Chinese businessmen. Hungary suspended its program selling visas for government bonds earlier this year after opposition parties and watchdogs accused it of corruption.

Ironically, calls to end investment migration programs often end up as marketing tools for the hundreds of agents selling them in China. One agent made note of proposals to change the EB-5 program by saying, “Do not hesitate, and act quickly!”

Du Juan attended a seminar in Beijing held by an investment group pitching ski resorts and other projects. She knows the potential danger of investing through the U.S. program, but she’s willing to bear the risk as long as she can get her 10-year-old daughter enrolled soon in an American school.

“I don’t worry about the $500,000, but I worry about the loss of time,” Du said. “I am afraid that we’ll be unable to get the visa when we need it.”