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US immigrant investor scheme is becoming big business

It is a popular source of capital for hotel and mixed-use real estate projects in California, New York, Florida, DC
Thursday, July 2, 2015 - 05:50
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Investors in Washington DC have created 1,584 jobs through projects like the Marriott Marquis convention centre hotel.

Washington

WHAT began as a rarely used path to US citizenship for wealthy foreigners has become big business in American real estate, one that Congress is considering for reform.

The EB-5 immigrant investor programme allows citizens of foreign countries to acquire US visas by