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
Add BT as a preferred source
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 investing a minimum of US$500,000 into American businesses as long as the money creates at least 10 jobs.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Philippines-Vietnam US$10 billion trade push risks running into rice politics
