Sentences with phrase «federal immigrant investor»
Republican Wendy Long accused her Democratic opponent, U.S. Sen. Chuck Schumer, of engaging in «pay to play» by raising campaign funds from developers who benefit from the federal immigrant investor program.
http://www.nystateofpolitics.com/
WASHINGTON — Republican Wendy Long charged Thursday that her Democratic opponent, Sen. Chuck Schumer, has engaged in «pay to play» by raising campaign funds from developers who benefit from the federal immigrant investor program.
He applied via the Federal Immigrant Investor Program, a scheme granting permanent residency in return for a tax - free loan to the government.
Not exact matches
The Start - up Visa came two years after the federal government shuttered the Immigrant Investor and Entrepreneur programs over concerns that rich foreigners were simply buying their way into the country.
Back in 1986, the federal government introduced the Immigrant Investor Program, which offered permanent residency in exchange for a three - year investment of $ 150,000.
People in the industry say it has also proven to be a goldmine for Canadian immigration consultants, some of whom used to work for the federal government when Canada had its own immigrant investor program.
Some Vancouver realtors were concerned about the recent cancellation of the immigrant investor programs by the federal government, where rich people from other parts of the world (i.e. China) could effectively get permanent residency status in Canada if they invested a huge swak of money in eligible investments.