(855) Marcum1 | FOLLOW US           
Marcum LLP
  • EVENTS
  • OFFICES
  • CAREERS
  • SUBSCRIBE  
  • 中文
Marcum LLP
News

As Seen In

 

In This Edition

CNN Money

David Appel, Tax & Business Services Partner, Quoted in CNN Money Article, "It May Get Harder for Rich Chinese to Buy Green Cards."

Featured: David Appel, Senior Partner, Tax & Business

Share:

Excerpt:

It's about to get a lot harder to buy a green card. The U.S. government runs a program that grants permanent residency to foreigners who sink at least $500,000 into a job-creating investment. The controversial immigrant investor program, known as EB-5, has been hugely popular with rich Chinese, but lawmakers are considering changes that could make getting a green card a bit tougher.

Supporters of the program say foreign investors have provided an important alternative source of financing, benefiting major real estate investments, such as Brooklyn's Atlantic Yards and smaller projects, like a North Dakota factory that makes biodegradable food containers.

But critics argue that it's a way for the global elite to buy U.S. citizenship. They say the scheme has too much red tape and parts of it are mismanaged to the point of fraud.

The program, which has been around since 1990, is long overdue for an investment amount adjustment, though the higher rate is unlikely to "decrease the number of people investing in the program," said Marcum's David Appel, an accountant who works on EB-5 issues.

Click here to read the full article on money.cnn.com >>

 
Featured
David Appel

Senior Partner
Tax & Business
Miami, FL
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China.

Learn More

CONNECT WITH US
               
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATION

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

© 2016 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap