Washington, D.C., March 8, 2018: February has passed without new EB-5 rulemaking proposals from the Department of Homeland Security (DHS). Although this marks a schedule slip from its previous “02/00/2018” final action date, the absence of DHS rulemaking could indicate a “wait and see” approach to the Congressional immigration debate.   In autumn...

Indians are fifth largest investors in the program: US official

NEW DELHI | March 1

[caption id="attachment_25274" align="aligncenter" width="660"] More takers The number of USIF Indian investors under the visa program quadrupled from 2016 to 2017 - Getty Images/iStockphoto[/caption]

The EB-5 Visa Program could be a good alternative for Indians wishing to migrate to the US, especially at a time when H1-B Visa rules are being tightened.

“The current administration isn’t against immigration, they are against illegal immigration. And they want to make the entire visa system more of a merit based system as opposed to a lottery. The EB-5 Visa is merit based as people are sacrificing something to get their green card,” said Andrew Graves, Director, Business Development, US Immigration Fund (USIF).

The EB-5 Program was created by the US Congress in 1990 and allows high net worth foreign investors to get a US visa for the investor and their immediate family through an investment of about $5,00,000 in a US business that will benefit the economy by creating a minimum of 10 permanent US jobs. Graves, who heads the India operations of USIF, said at present Indians are the fifth largest investors in the program but given the demographic size, they can turn into the second largest group in a few years.

“If you look at the demographics of India, it is an extremely large country and has lots of wealth. It has the second largest immigrant group to the US behind Mexico. The second largest international student base to the US is also from India,” he told BusinessLine, adding that most applicants use EB-5 for their children’s education in the US.

In 2017, there were only 307 applications under the EB-5 Visa from India as compared to 26,725 applications from those born in mainland China.

The number of USIF Indian investors quadrupled from 2016 to 2017 and Graves expressed confidence that it will increase further in 2018.

Graves however, said that changes are expected in the EB-5 Visa Program too. The US Congress may hike the minimum investment amount for EB-5 from $500,000 to close to $1 million and from $1 million to $1.8 million per applicant respectively.

DECCAN CHRONICLE. | NAVEENA GHANATE | Mar 1, 2018 Due to speculation over the increase in minimum investments for EB-5 (employment-based fifth preference) Immigrant Investor Visa, the US Immigration Fund (USIF) is receiving many more applications for this visa type. An EB5 visa is issued to foreign investors investing in the US economy,...

EB-5 visas are sought by HNIs seeking permanent residency in US Romita Majumdar | Mumbai | February 28 [caption id="attachment_1267" align="aligncenter" width="512"] Representative Image[/caption] America’s leading EB-5 Regional Center, US Immigration Fund (USIF), is encouraging Indians to apply for their EB-5 visas as early as possible given a possible change to the EB-5...

Washington, D.C. – February 26, 2018: Two weeks ago, the Senate began negotiations for legislative changes to immigration law, using a “shell bill” introduced by Senate Majority Leader Mitch McConnell (R-KY.) with no preexisting provisions. The neutral start to the legislative proceedings is intended to allow debate to proceed among...

February 20, 2018 | By Lori Griffith

Record crowds attended the 3rd Annual Palm Beach County Paddlefest, hosted by Marine Industries Association of Palm Beach County at Harbourside Place on Feb. 10.

What began as a small race several years ago, at Currie Park in West Palm Beach, has morphed into a highly competitive race drawing competitors and visitors from throughout Florida.

U.S. Immigration Fund Announces I-829 Petition Approvals for The Charles EB-5 Project in New York City I-829 petition approvals have now been issued for another successful U.S. Immigration Fund project offering, The Charles, resulting in a combined total of more than 3,200 U.S. Immigration Fund investors with I-829 and/or I-526 approvals. New...