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Chinese are big customers for schemes selling foreign residency
11–20 of 135 posts
Re: Chinese are big customers for schemes selling foreign residency
#12> But Canada closed its federal programme in 2014 (some provincial schemes, such as Quebec’s, continue). Only mentioned as an aside, but for Vancouverites, this has been very painful. Uniquely Quebec manages its own immigration (let's not get into it) and they have an investor immigration scheme that essentially sells citizenship for a pittance. Of course since persons have freedom of movement there's nothing stoppin…
My belief has always been foreign capital (speculation) is bad, but immigration is good. So if you want to move here and bring all that foreign capital great! If you want to speculate or park money in Canadian real estate (empty houses and condos) that's really bad for the locals. It never should have been allowed.
The reason why the Feds ended their version of an investor immigration scheme is because a study found that refugees ended up paying more in income taxes than investor immigrants lmao.
So yeah immigrants are great, but it has been abundantly clear that the rich persons buying citizenship are doing so just to have a passport of convenience and buy land as a safe investment and the gains for the rest of Canadian society from that are weak.
Re: Chinese are big customers for schemes selling foreign residency
#13Peter Thiel wrote about it back in 2014 in his book, Zero to One. We have a different image of China and China has done a great job posing as next superpower but the reality is very different on the ground. Rich Chinese want to get away from China by paying whatever price they can afford, this is not surprising at all!
China really is the next superpower AND some Chinese are interested in having a lily pad outside China that they can hop to.
No conflict between these. Lots of Americans have second passports, including Peter Thiel.
Re: Chinese are big customers for schemes selling foreign residency
#14Peter Thiel wrote about it back in 2014 in his book, Zero to One. We have a different image of China and China has done a great job posing as next superpower but the reality is very different on the ground. Rich Chinese want to get away from China by paying whatever price they can afford, this is not surprising at all!
Peter Thiel is a crook who conned the New Zealand government into giving him citizenship and then never showed up in the way he said he would.
He has no credibility when it comes to immigration.
https://www.nzherald.co.nz/indepth/national/how-peter-thiel-...
Re: Chinese are big customers for schemes selling foreign residency
#15Peter Thiel wrote about it back in 2014 in his book, Zero to One. We have a different image of China and China has done a great job posing as next superpower but the reality is very different on the ground. Rich Chinese want to get away from China by paying whatever price they can afford, this is not surprising at all!
Peter Thiel is a crook who conned the New Zealand government into giving him citizenship and then never showed up in the way he said he would. He has no credibility when it comes to immigration. https://www.nzherald.co.nz/indepth/national/how-peter-thiel-...
Not that I agree or disagree, but that is simply an ad hominem attack.
Re: Chinese are big customers for schemes selling foreign residency
#16One solution to this is to improve the visa situations for Chinese nationals. If it weren’t such a pain to travel to western countries with a chinese passport there may be less demand for these foreign residency schemes.
Re: Chinese are big customers for schemes selling foreign residency
#17It is large industry.
More than one of my acquaintances got their green card and then citizenship by paying $20-$30k for fake marriage to a US citizen.
Re: Chinese are big customers for schemes selling foreign residency
#18> But Canada closed its federal programme in 2014 (some provincial schemes, such as Quebec’s, continue). Only mentioned as an aside, but for Vancouverites, this has been very painful. Uniquely Quebec manages its own immigration (let's not get into it) and they have an investor immigration scheme that essentially sells citizenship for a pittance. Of course since persons have freedom of movement there's nothing stoppin…
You have to invest $1.2 million and have a net worth of at least $2 million, right? I wouldn't call that a pittance.
Buying real estate counts as "investment" and with the Quebec program, there is zero risk because that 1.2 million is fully guaranteed.
Re: Chinese are big customers for schemes selling foreign residency
#19Earlier quoted context omitted.
Peter Thiel is a crook who conned the New Zealand government into giving him citizenship and then never showed up in the way he said he would. He has no credibility when it comes to immigration. https://www.nzherald.co.nz/indepth/national/how-peter-thiel-...
Not that I agree or disagree, but that is simply an ad hominem attack.
Calling something an ad hominem attack doesn't make it less valid in the context of the discussion.
This is a thread about immigration. If Thiel's opinions on immigration are to be considered, then his own behaviour in that regard are absolutely relevant.
Re: Chinese are big customers for schemes selling foreign residency
#20Our "First Son-in-Law" has his little hands in this game, too.
> the Kushners' company held an event at a ritzy hotel in Beijing to encourage Chinese investments for a development project in New Jersey.
> "Invest $500,000 and immigrate to the United States," read a brochure at the event...
> A spokesperson for Kushner Companies later apologized for the poor optics, but just two months later, CNN reported that the business was again invoking Kushner's status as a senior White House aide to attract investors.
https://www.businessinsider.com/sec-launches-probe-into-kush...