The US EB-5 visa or the employment-based is the 5th preference category of visa, started in the 1990s gives a chance for qualified immigrant investors to obtain green cards. While several see it as the quickest way to receive a green card, produced one has resources to invest in the USA, with anti-immigrant feelings rising in the nation, the US EB-5 program has also seen notable changes.
There had been the hope in the investors’ community regarding possible modifications to the program for a while. When those modifications were published in the last week, there was some tension and worry among those who were expecting to go through that path to achieve permanent residency in the US.
As per the latest regulations, the EB-5 visa price will jump to USD 900,000 effective from 21 Nov 2019. The price was fixed at USD 500,000 since the program’s beginning. It is the amount for investments inside the Area of Targeted Employment (TEA).
The least investment demand increases to USD 1.8 million from USD 1 million these areas outside. The new reforms also toughen restrictions on what qualifies for TEA by transferring responsibility for managing this from individual states to the Department of Homeland Security. It means more inspection and more requirements for investment.
Indians are aiming for the EB-5 visa for better education and employment possibilities for their children, and the development merely indicates a greater initial investment with the specific advantages of a fast-track green card in the future. However, recognizing India has hit visa decline, such investors need to plan their appeals to assure their children do not ‘age-out’ prior to the green card is announced.
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