Wealthy Indians rush to avail EB-5 visas after US extends deadline for revision of investment norms
The EB-5 visa, commonly known as the ‘golden visa’, enables qualified foreign nationals to get permanent residency in the United States by investing USD 500,000 in projects that will generate at least 10 full-time jobs in the US.
After the US government extended the deadline for raising minimum investment limit under EB-5 visa from USD 500,000 to USD 920,000, a lot of wealthy Indians have been scurrying to apply, according to a report published by The Economic Times.
The deadline is now January 19, 2018 and qualified Indians want to get it done before the deadline. The EB-5 visa, commonly known as the ‘golden visa’, enables qualified foreign nationals to get permanent residency in the United States by investing USD 500,000 in projects that will generate at least 10 full-time jobs in the US.
The report said almost half of the applicants for EB-5 visa comprises Indian adults and their children. The country ranked number three in the number of EB-5 applications after China and Vietnam.
The time taken for processing EB-5 visa is around 18 months for Indian citizens and they offer employment at more reasonable remuneration that is freely negotiable rather than dictated by the employer.
The visa allows the freedom to live, travel and work anywhere in the US.
Subscribe for News
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.