Except ummm it was a program started by Pres Reagan and every President since has kept it going. Nothing to do with Florida or Miami in particular allowing it. Get your facts straight next time.
Thanks for the comments SunTrader. Keeping aside climate change fears, what are the things you like and dislike about Palm Beach
Same answer for like and dislike - Snobs. But I think you misunderstood what I meant by live down here. In South Florida, but not Palm Beach. Actually the other end of the county, Boca Raton.
While it is true that the EB-5 program was created a while ago (though it was under president Bush not Reagan as you claimed), Miami has taken things to a new level very recently and Miami is now the entry port for most questionable Chinese money that enters the US (money that has been secretly and without permission and violating the outflow quotas in China brought out of China) makes its way through Miami. It has very much to do with Florida and particularly Miami attracting questionable characters from abroad, people that are most often sought for questioning or tax evasion or illegally siphoning money out of their home countries. Just because the US does not impose such restrictions does not mean that it makes it right to support individuals that hide behind mailbox-companies and use illicit ways to "buy" their resident visa and citizenship in the US. You of course have the right to disagree on this.
Yes but not for hedge funds, for South American money and their family offices. "The fastest-growing family office made the Bloomberg Markets ranking by wooing rich Latin Americans. CV Advisors LLC, based in Miami, is run by Elliot Dornbusch, a one-time builder of high-rise residential and office towers in Venezuela, and his partners, Alex Mann and Matthew Storm." https://www.bloomberg.com/news/arti...fices-chasing-wealthy-s-46-trillion-in-assets
Why West Palm Beach Is Becoming The New Wall Street https://www.yahoo.com/news/why-west-palm-beach-becoming-224823984.html Few days ago came across this. Over the top, probably Palm Beach Tourism Dept has a media buddy that planted this to ride on Trumpie wave.
Im mentioned in that article. It's 100% accurate and if anything under hyped. Thanks for posting! surf