Wealthy Indians rush to invest in US before price goes up. Immigrant pilots wanted in Australia and immigrants are good for New Zealand.
As part of the Trump administration’s drive to tighten legal immigration to the US, the EB-5 visa which currently requires a $500,000 investment in the US by the prospective immigrant, is being changed so that the minimum investment is $920,000. The deadline for the change currently stands at January 19, 2018. To beat the amended rule and to get into the US at a net saving, rich Indians are rushing to invest in the US at the cheaper price.
In April this year, the Australian government cut the list of occupations eligible for foreign work visas. Next month however pilots will once again be able to apply to immigrate under this visa, under concerns that there is a shortage of pilots and planes may have to be grounded.
According to the 2018 World Economic League Able released yesterday, New Zealand’s GDP will have expanded by 3.5 percent by the end of this year and by a further 3.5 percent in 2018. It will jump up from the world’s 52nd largest economy to the 51st. The growth is fueled by construction growth, tourism and immigration to the country.