Social Pipeline: SocialPipeline 04/09/2012 (p.m.)

Wealthy Chinese seek special visas to relocate to Bay Area - San Jose Mercury News
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And many are relocating to the Bay Area, whose large Asian population, good schools and comfortable lifestyle are powerful draws for Chinese multimillionaires concerned about the future of their homeland and seeking the own American dream.</p><p>"The rich people are trying to get green cards," said Ta-lin Hsu, founder and chairman of Palo Alto-based venture capital firm H&Q Asia Pacific, who spends a lot of time in Asia. He is frequently asked by business associates about how to immigrate to the United States.</p><p>"The main reason is, they still worry about the future stability of China," Hsu said. "The U.S. is a democracy, there is freedom and it's a safer place."</p><p>The exit door for many of these wealthy Chinese is opened by the fast-track visas America offers for well-heeled immigrants. Known as the EB-5, the visa requires applicants to invest $500,000 in projects in economically struggling regions or $1 million in a commercial venture in other locations. The investments must create or preserve 10 jobs for two years. If successful, the applicants and their families -- spouses and children younger than 21 -- are awarded permanent residency.</p><p>The foreign money is a w</p></div></div></div></td></tr></tbody></table></td></tr></tbody></table></td>
- Between 1992 and 2011, the number of applications for investor visas jumped 700 percent, from 474 to 3,805, according to the U.S. Citizenship and Immigration Services. In the past two years alone, the number applicants has nearly quadrupled. More applications by far come from China than any other country. Last year, 77 percent of all of those who applied for these visas were Chinese.

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Social Pipeline

2012年4月9日星期一

SocialPipeline 04/09/2012 (p.m.)

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