Why Indians are turning to EB-5 Visa for the US: What it is and who is eligible
As the Trump administration tightens limitations on student visas, more Indian professionals and students are considering the EB-5 visa as a different route to permanent residency in the United States.
The EB-5 Immigrant Investor Program was created in 1990 and permits foreigners to get a Green Card by investing in US businesses that create jobs.
A minimum investment of $800,000 (about INR 7 crore) in a qualifying US business is required for the EB-5 visa, especially in Targeted Employment Areas (TEAs) that are rural or have high unemployment rates. The investment should at least create ten full-time employment for American workers.
Applicants have the option of investing directly or through regional centres authorised by USCIS that oversee economic development projects.
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The tightening of US immigration policies has led to a significant surge in EB-5 visa applications from Indian nationals. Immigration lawyers report a 100% increase in applications from Indian students over the past few months. This uptick is largely driven by concerns over the stability of student visas and the desire for a more secure and direct route to permanent residency.
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Investors can include their spouse and unmarried children under 21 in their application, in addition to the EB-5 visa offering a route to a Green Card. This option makes it an appealing option for families seeking long-term stability in the United States.
Nonetheless, there are certain challenges associated with the program. According to reports, India gets roughly 700 EB-5 visas annually, which might lead to backlogs and lengthy application wait times.
Due of the high cost demand, high-net-worth individuals are likewise limited in their access.
Reports add that the Trump administration has responded to these restrictions by proposing a new "Gold Card" immigration program that would do away with the job creation requirement in exchange for a $5 million investment. This program aims to attract more affluent investors, but it has not yet received congressional approval and is uncertain legally.
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Despite these modifications, Indian people who wish to settle permanently in the US should still consider the EB-5 visa, especially in light of the nation's current immigration regulations and political climate.
As the situation continues to evolve, potential applicants are encouraged to consult with immigration specialists to manage the complexities of the EB-5 program and determine the best paths to achieving their residency goals.
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