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November 29, 2016

Trump’s Presidency Unlikely to Impact EB-5 Visa Programme in Near Future

Posted by:
Elevay Global

As the world reacts to the news that Donald Trump is the new United States President-elect, people are wondering how the new presidency will impact their lives. Those considering the EB-5 Visa Programme will likely not have to worry about changes being made to this programme in the near future.

Trump will not be sworn in as the 45th U.S. President until the inauguration on January 20th, 2017. Once he takes office, immigration initiatives are likely to come behind an array of issues that are deemed higher priority. His campaign promised to appeal Obamacare, make tax reform a priority, and develop a counter-terrorism strategy. Once immigration issues arise, they will likely be focused on illegal immigration, and undocumented immigrants in the United States. From this perspective, governmentally approved programmes like the EB-5 Visa Programme are not going to be impacted any time soon. In fact, many tech companies in Silicon Valley are actively recruiting professionals from around the world to invest in, or join, innovative technology companies.

While Trump has been outspoken about his desire to cease illegal immigration, he has made it clear that he welcomes high net worth individuals who will be creating jobs for American workers. As you may know, one of the requirements of the EB-5 Visa Programme is that the investment must create 10 jobs as a result of the approved project.

The United States government is full of checks and balances, and any type of major reform must pass through many lengthy proceedings. There is no need to fear that the new government will have any impact on the EB-5 Visa Programme in the near future.


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