eb-5 Tag

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

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).

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

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,...

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...

Washington D.C., February 8, 2018:  On-going negotiations on Capitol Hill to extend the federal budget and reform various immigration programs appear to be reaching for a consensus on a two-year budget agreement for increased spending on national defense, increased spending on disaster relief for devastated areas of Texas, Florida and...

Washington, D.C. – November 20, 2017: The recent USCIS EB-5 Stakeholder Engagement held in New York on November 7, 2017 provided some frank statements by USCIS that their EB-5 processing system has improved, but is still suffering from certain longstanding problems. One issue that will sound familiar to both EB-5 industry...

BY: Bill DiPaolo | Nov. 21 Nick Mastroianni II, the developer of Harbourside Place, and the Mastroianni Foundation donated $3 million to the Jupiter Medical Center to establish a pediatric emergency department. [caption id="attachment_1152" align="aligncenter" width="653"] From left to right: Audrey Mastroianni, Sara and Anthony Mastroianni, Jessica and Nicholas Mastroianni III along with their three daughters. (Photo/JMC)[/caption] “As a father of three young girls, the well-being of my children is always on my mind. If your child is sick or injured and needs emergency services, I want them to get the best treatment possible. With this donation, we hope we can make the emergency room experience less intimidating for parents and their young children by separating them from the adult emergency room, and having dedicated, pediatric physicians available 24/7,” said Nicholas Mastroianni III, Nick Mastroianni’s son. Nicholas Mastroianni III and his brother Anthony work with their father at Allied Capital & Development of South Florida, a Jupiter-based real estate development and capital-raising firm. The 6,300-square-foot Mastroianni Family Pediatric Emergency Department will be located next to the hospital’s current emergency room. Plans call for eight pediatric treatment rooms, a dedicated family waiting area, pediatric triage rooms and indoor play areas. The unit is expected to open in late 2018. “I’m humbled to be a part of this new era at Jupiter Medical Center. My family wants to make sure other families feel more comfortable and at ease when making a visit to the ER with young children,” said Nick Mastroianni II. Founded in 1979, JMC is a not-for-profit, 327-bed, regional medical center, consisting of 207 private acute-care hospital beds, and 120 long-term care, sub-acute rehabilitation and hospice beds. The town’s largest employer, JMC has about 1,600 team members, 615 physicians and 640 volunteers.