Kapuria Comments on Impact of EB-5 Program Changes on Chinese Immigrants
Rohit Kapuria, a member of the Firm’s EB-5 Practice, is quoted in this article on the ways that the Chinese community is being impacted by changes to the EB-5 investor program. The article explains that China has been ahead of other countries in terms of EB-5 visas since the program’s inception in 1990; however, due to the backlog of visas the number of applicants has declined.
“From the time an investor in mainland China invests in a project, ’til the time that they get a permanent 10-year green card — not the temporary green card — you’re looking at probably a 12- to 13-year wait,” Rohit said.
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