Wealthy Arabs are rushing to sign up for a U.S. program offering investors green cards for cash as they try to beat a crackdown on immigration by President Trump.
Three companies in Dubai offering legal advice on immigration say they have witnessed a spike in demand for U.S. investment visas since Trump’s travel ban — now blocked by the courts — on citizens from seven Muslim-majority countries.
Step America says they’ve had a 60% increase in inquiries and 40% more EB-5 applications submitted since the travel ban was announced.Arton Capital, which specializes in 12 investor visa programs around the world, said January was a very busy month. The firm saw inquiries handled by their Dubai office increase by 200% compared with the same time last year. It expects February numbers to be even higher.”There are only 12 of us here in Dubai and we are inundated every day with inquiries, particularly from people from this region,” said John Hanafin, CEO of Arton Capital.