NEW DELHI: At a time when H-1B visa rules are being tightened, there may be growing pastime in the EB-Five visa program. The selection of EB-Five visas issued to Indians touched a document 174 between October 2016 and 2017, up from 149 in the corresponding year-ago length.
Under the EB-Five visa programme, additionally dubbed as ‘money for visa’, people can apply for lawful permanent place of abode in the United States (this is not citizenship) for themselves, their partner and children below 21 years, in the event that they make the essential investments and create no less than 10 permanent complete time jobs for US staff. The present minimum threshold investment prohibit is US$ 1 million (which translates to Rs 6.Five crore).
A reduced investment of $500,000 is permitted for trade operations in specified rural areas or the ones with upper unemployment limits – referred to as goal employment areas (TEAs). Mark Davies, chairman and managing lawyer of Davies and Associates, New York City told TOI, “Two years back, most of the people were not aware of the life of the EB-Five program. However, now the notice has skyrocketed, and due to this fact, the selection of applications has higher significantly.”
Vivek Tandon, CEO of EB-Five BRICS, an advisory firm in California, stated, “The EB-Five visa program has been in life since remaining 30 years. Since 2015, there were many proposals to extend the investment amount. This may have an adversarial effect at the selection of applications being filed out of India.”
According to a few stories, the program may be tweaked after September 2018. Ishaan Khanna, director of Investor Relations, who was once on an F1 visa studying at Loyola Marymount University in Los Angeles, CA, has now determined to put money into the EB-Five visa.
He told TOI, “During the top of my third yr in college, I realised how a lot the United States had to offer for anyone like me and the professional opportunities I'd have access to rather than in India. I used to be majoring in Information Systems on the time and I had just finished an internship with a tech corporate. Keeping all this in thoughts, I started to investigate all my immigration choices and found the EB-Five visa which was once appropriate for me. Knowing that my H-1B visa possibilities were restricted, I determined to speculate in this.”
Under the EB-Five visa programme, additionally dubbed as ‘money for visa’, people can apply for lawful permanent place of abode in the United States (this is not citizenship) for themselves, their partner and children below 21 years, in the event that they make the essential investments and create no less than 10 permanent complete time jobs for US staff. The present minimum threshold investment prohibit is US$ 1 million (which translates to Rs 6.Five crore).
A reduced investment of $500,000 is permitted for trade operations in specified rural areas or the ones with upper unemployment limits – referred to as goal employment areas (TEAs). Mark Davies, chairman and managing lawyer of Davies and Associates, New York City told TOI, “Two years back, most of the people were not aware of the life of the EB-Five program. However, now the notice has skyrocketed, and due to this fact, the selection of applications has higher significantly.”
Vivek Tandon, CEO of EB-Five BRICS, an advisory firm in California, stated, “The EB-Five visa program has been in life since remaining 30 years. Since 2015, there were many proposals to extend the investment amount. This may have an adversarial effect at the selection of applications being filed out of India.”
According to a few stories, the program may be tweaked after September 2018. Ishaan Khanna, director of Investor Relations, who was once on an F1 visa studying at Loyola Marymount University in Los Angeles, CA, has now determined to put money into the EB-Five visa.
He told TOI, “During the top of my third yr in college, I realised how a lot the United States had to offer for anyone like me and the professional opportunities I'd have access to rather than in India. I used to be majoring in Information Systems on the time and I had just finished an internship with a tech corporate. Keeping all this in thoughts, I started to investigate all my immigration choices and found the EB-Five visa which was once appropriate for me. Knowing that my H-1B visa possibilities were restricted, I determined to speculate in this.”
Demand for EB-5 visa on rise in India
![Demand for EB-5 visa on rise in India]()
Reviewed by Kailash
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May 06, 2018
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