Latest news with #EB-5
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Business Standard
3 hours ago
- Business
- Business Standard
Trump Gold Card will be highly successful in India: US Commerce Secretary
United States (US) Commerce Secretary Howard Lutnick on Monday said that the Trump Gold Card—a new $5 million pathway to US permanent residency—will be particularly popular among wealthy Indian nationals seeking to contribute to the American economy. Speaking at the US-India Strategic Partnership Forum (USISPF) Leadership Summit 2025, Lutnick called the programme 'an enormous opportunity' and a transformation in US immigration policy. 'I think the ordinary path of immigration for America is changing. The Trump Card is coming out. I expect it will create an enormous opportunity for people to come to America,' Lutnick said in his keynote address. New immigration scheme to replace EB-5 The Trump Gold Card was announced by US President Donald Trump in February 2025. It is designed as a replacement for the existing EB-5 programme and allows wealthy foreign nationals to gain a route to US citizenship by investing $5 million. 'India a key target for launch' Lutnick signalled that India would be a key launch market for the programme. 'When people ask me, 'When are you coming to India?' I say, 'When I launch the Trump Card, I promise you I'm coming to India,'' he said. Describing the initiative as a gateway for international entrepreneurs, he added, 'You can become like a green card holder—it's the Trump Gold Card. You can choose to pay global tax or remain taxed only on your US assets, with no inheritance tax or global tax obligations.' Tailored to global entrepreneurs 'This is what we're calling an international entrepreneur,' Lutnick continued. 'That's a special category, and I think it will be very, very well received amongst the great people of India who want to participate and have the means to participate in America.' The Trump administration has framed the programme as a strategic move to attract global capital and business talent, particularly from countries like India with large numbers of high-net-worth individuals and growing interest in global mobility.
Time of India
12 hours ago
- Business
- Time of India
UAE Golden Visa vs Trump's US Golden Visa: Which one is better for you?
As the race for the global elite's loyalty intensifies, two nations have rolled out the red carpet with the same golden promise: permanent residency without strings. On one side is the UAE's well-established Golden Visa scheme—sleek, efficient, and tax-friendly. On the other, Donald Trump's revived version of the EB-5 Investor Visa—controversial, political, but undeniably powerful. So which one is better for high-net-worth individuals, entrepreneurs, and ambitious expats? Let's break it down. 1. The Basics: What Are They Offering? UAE Golden Visa: A renewable 10-year residency permit for investors, professionals, creatives, and property buyers. No need for a local sponsor, with the freedom to live, work, and study across all seven emirates. Trump's Golden Visa (EB-5 Reboot): Under Trump's second term, the EB-5 immigrant investor program has been fast-tracked and rebranded. It now promises Green Cards within 12–18 months for those who invest at least $800,000 in 'Trump-approved' infrastructure or real estate projects. Winner: UAE for flexibility. Trump's version remains tied to specific, government-favoured projects. 2. Real Estate Route: Who Makes It Easier? UAE: Invest Dh2 million (around $545,000) in property—mortgaged or off-plan—and you're eligible. You can co-own, buy under-construction assets, and still apply, provided the developer is government-approved. USA (Trump-era EB-5): Requires a minimum $800,000 in a designated Targeted Employment Area (TEA) or $1.05 million elsewhere. The property must generate at least 10 jobs, directly or indirectly. Winner: UAE. Less red tape, no job creation requirement, and faster processing. 3. Speed and Bureaucracy: Who's Swifter? UAE: Submit your title deed, take a medical test, and get your Emirates ID. The process can take as little as one month via the Dubai REST app or GDRFA. Trump's EB-5: Even with fast-tracking, investors must deal with USCIS scrutiny, job calculations, regional centre audits, and lengthy adjudications. Winner: UAE by a mile. American bureaucracy, even under Trump, is legendary. 4. Lifestyle & Tax: Who Offers a Smoother Ride? UAE: No personal income tax. Safe cities. World-class infrastructure. Direct flights to every major hub. Indian investors especially benefit from cultural proximity and established expat networks. USA: You pay taxes on worldwide income—even if you never live there. But it does come with the soft power of a Green Card , access to elite schools, and future citizenship. Winner: UAE for lifestyle and taxation. USA for long-term power plays. 5. Political Luggage: What's the Catch? UAE: The Golden Visa is technocratic, apolitical, and consistent. It's built to attract value—not votes. Trump's America: The EB-5 reboot is entangled with Trump's brand and MAGA politics. Critics say it's a pay-to-stay programme. Supporters say it's a capitalist filter for immigration. Winner: Depends on your politics. UAE is neutral. Trump's version is America, uncensored. 6. Family & Freedom: Who Wins Here? UAE: Sponsor your spouse, children, and even domestic workers. No residency time requirements—you can stay abroad and retain your visa. USA: Family Green Cards are included, but living outside the US for too long risks re-entry issues. And don't forget the IRS follows you globally. Winner: UAE. More freedom, fewer restrictions. So, Which One Should You Choose? Choose UAE if... You want speed, simplicity, tax advantages, and regional access. Perfect for Indian investors, digital nomads, and Middle East-linked entrepreneurs. Choose Trump's Golden Visa if... You're looking for the long game: US permanent residency, eventual citizenship, and a foothold in the world's most powerful economy—even if it's wrapped in populism and paperwork. Final Word In many ways, the UAE's Golden Visa is what America's EB-5 used to be—before it got bogged down by politics, fraud, and backlog. Trump may have put it back on the map, but the UAE has mastered the formula. The choice, ultimately, isn't just about geography—it's about how much friction you're willing to tolerate for a flag.
Business Upturn
a day ago
- Business
- Business Upturn
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) — CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project. The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. 'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.' The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors. CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions: CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days) CMB Group 86 – Gable House Apartments (I-956F approved in under five months) CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months) CMB Group 93 – Coachella Valley (I-956F approved in three months) CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months) About CMB Regional Centers CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors. To learn more, contact CMB directly at [email protected]. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
a day ago
- Business
- Yahoo
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval
I-526E petition for conditional green card adjudicated 7 months after EB-5 project approved by USCIS DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project. The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. 'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.' The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors. CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions: CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days) CMB Group 86 – Gable House Apartments (I-956F approved in under five months) CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months) CMB Group 93 – Coachella Valley (I-956F approved in three months) CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months) About CMB Regional Centers CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors. To learn more, contact CMB directly at info@
Time of India
2 days ago
- Business
- Time of India
Why Indians are banking on the EB-5 visa for the US? The golden path to green card and who is eligible for it
The EB-5 Immigrant Investor Program offers a path to US permanent residency for foreigners who invest at least $800,000 in American businesses, creating jobs. It attracts Indian professionals and students seeking alternatives to student visas. Challenges include long waiting times and a high investment threshold, with potential changes on the horizon. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The EB-5 Immigrant Investor Program is a US government initiative designed to encourage foreign investment in American businesses that create jobs. Established in 1990, the program allows eligible investors to obtain a Green Card permanent residency ) by making a significant financial investment in the United States To qualify for an EB-5 visa, a foreign investor must invest at least $800,000 (approximately INR 7 crore) in a qualifying US business, according to a report by The Times of India. This investment usually takes place in Targeted Employment Areas (TEAs), which are rural locations or areas with high unemployment rates. The key requirement is that the investment must create or preserve at least ten full-time jobs for American have two main options: they can invest directly in a business or go through a regional centre authorised by the US Citizenship and Immigration Services (USCIS). These regional centres manage economic development projects and make it easier for investors to meet job creation foreign national willing to make the required investment and meet the job creation criteria is eligible to apply. The program also allows investors to include their spouse and unmarried children under 21 years of age in the application, offering a path to permanent residency for the entire per the TOI report, recent tightening of student visa regulations by the US government has led many Indian students and professionals to seek alternative routes to permanent residency. EB-5 offers a more secure and direct path, especially for those concerned about the uncertainty surrounding traditional student receives about 700 EB-5 visas per year, which can lead to long waiting times and backlogs. The high investment threshold means the program is accessible mostly to high-net-worth individuals. Additionally, the US government has proposed a new " Gold Card " program that would require a $5 million investment but eliminate the job creation requirement. This proposal is still pending EB-5 visa remains a key option for Indian nationals seeking permanent residency in the US, especially as immigration policies evolve. Prospective applicants are advised to consult immigration experts to understand the program's requirements and plan their applications effectively.(With inputs from TOI)
