eb5 visa 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.

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., January 16, 2018: As Congress debates legislative changes to the EB-5 Regional Center program ahead of the January 19, 2018 deadline for renewing the program, the Department of Homeland Security’s (DHS) schedule appears on track to deliver new EB-5 regulations in February 2018. Last fall, the DHS accelerated its rule making schedule to...

BY LAUREN ELKIES SCHRAM SEPTEMBER 12, 2017 6:15 PM [caption id="attachment_23533" align="aligncenter" width="753"] JD'S PLACE INSIDE THE LANDMARK AT 57 WEST. PHOTO: LAUREN ELKIES SCHRAM[/caption] On Friday, billionaires Mark Cuban and partner Todd Wagner of Landmark Theatres are debuting The Landmark at 57 West, a new movie theater on the Far West Side of Manhattan. The 30,000-square-foot cinema, which includes a...