Making it more robust for investors from India to get a US Green Card, the government of the US has now modified the rules for appealing for a US EB-5 Investor Visa program from November 2019.
The EB-5 visa program enables people to appeal for US permanent residence beneath the Green Card scheme in the USA if they make the required investment in a business enterprise in the United States and also create ten jobs to US citizens or permanent residents.
More Details About Minimum Investment for EB-5 Visa
As per the latest rules announced by the US Department of Homeland Security recently, US EB-5 visa appellants need to make the least investment of USD 900,000 in Targeted Employment Areas. The amount has been raised from USD 500,000 to Consider for inflation.
The official minimum amount of investment has also been raised to USD 1.8 million from the previous USD 1 million to consider for inflation.
The current rule improves the US EB-5 program by giving priority date retention to the specific EB-5 investors and also explaining that the United States Citizenship and Immigration Services procedures for the exclusion of restrictions on permanent residence.
The least investment amount to appeal for an EB5 visa has been raised from USD 500,000 to USD 900,000, assuming that the greater investment demand will be a dampener for any investor. We most surely know that this raise will impact investors from India immeasurably, told Vivek Tandon, US immigration lawyer and also operates EB5 BRICS.
The wait time for a US EB-5 visa is still lesser when compared to the other green card programs, and it is the ultimate chance for applicants from India to obtain a US EB-5 visa with a minimum investment of USD 500,000, he told.
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