(Image source from: austinbcc.org)

At this present moment of uncertainty, due to tightening of H1B rules and regulations, the interest towards EB5 Visa program is taking new heights, The number of EB5 visas granted to Indians has peak record of 174 between 2016 and 2017, which was as low as 149 in the corresponding previous years.

The provisions of the EB5 visa programme, have essentially synchronized as ‘cash for visa’, that makes individuals to apply for lawful permanent residence in the United States, for themselves, and their family with children below 21 years, if they can make necessary investments and potentially create at least 10 permanent full time jobs for the employees in the United States.

The present threshold investment limit shows US$ 1 MILLION (6.5 crore INR)

A reduced investment of $500,000 is permitted for many business operations in specified rural areas, or those with higher unemployment limits, which is known as Target Employment Areas (TEA).

Chairman attorney of Davies and Associates Mark Davies, told to the media that “Two years back, most people were not aware of the existence of the EB-5 program. However, now the awareness has skyrocketed, and therefore, the number of applications has increased enormously.”

Vivek Tandon, who is popular CEO of EB5 BRICS, which is an advisory firm in California, said in a statement that The EB-5 visa program has been in existence since last 30 years. Since 2015, there have been many proposals to increase the investment amount. This could have an adverse effect on the number of applications being filed out of India.”

According to the recent report of analysis, the EB-5 programme is likely to be more demanding after September 2018, for an instance The director of Investor relations Ishaan Khanna, who was on F1 visa studying at Loyola Marymount University in Los Angeles, CA, has now decided to invest in the EB5 visa.

By Lokesh