The site of Kushner Companies’ One Journal Square luxury flat project in Jersey City in the northeastern US state of New Jersey. In 2017, the company marketed the project while promoting its connection to US President Donald Trump, leading to US prosecutors’ investigation into the company and its tactics. Photo: AFP

Reprieve for controversial US immigration visa programme fails to ease investors’ woes

  • Prospects for programme known as EB-5 are grim as a stringent new rule with a higher investment threshold could dry up applications
  • Rule change also redefines areas designated for funding to avoid abuse and fraud
Topic |   United States

TOP PICKS

The site of Kushner Companies’ One Journal Square luxury flat project in Jersey City in the northeastern US state of New Jersey. In 2017, the company marketed the project while promoting its connection to US President Donald Trump, leading to US prosecutors’ investigation into the company and its tactics. Photo: AFP
READ FULL ARTICLE