Japan had a similar policy, with respect to legal immigrants it had made a point of recruiting, in the immediate wake of the global financial crisis. They'd buy (largely) Peruvian/Brazilian factory workers of Japanese descent a plane ticket and approximately $3k of compensation (IIRC) in return for them surrendering their work-compatible visa.
It was controversial, from a number of angles.
https://www.nytimes.com/2009/04/23/business/global/23immigra...