A simple and credible pathway to a US Green card can be obtained via the EB-5 visa programme. For Indians who wish to move to the US and qualify for citizenship and permanent residency, the programme offers an excellent probability. Amid complications imposed by Covid-19, recessions, and legislative reforms, Indians have overwhelmingly needed EB-5 visas.
This can be attributed partly because, compared to other US visa choices, this immigration programme might offer a simpler, quicker, and more reliable approach to gaining a US green card for Indians.
The EB-5 visa programme also permits Indians to finance initiatives that boost US-based business while providing jobs. With this, Indians may fulfil both their personal and professional objectives and guarantee a brighter tomorrow for their children by selecting the EB-5 visa immigration programme.
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In the past decade, there has been an upsurge in the volume of Indians applying for EB-5 visas to secure permanent residence in the US as well as green cards. Given that the US government extended the widely-known EB-5 visa programme — a reliable alternate route that grants green cards in exchange for investments — in the year 2022, the progression has been more pronounced. For Indians seeking a US green card, the programme has shown that it is not merely one of the quickest but also one of the most credible options.
The fact that there are no geographic constraints on where EB-5 visa recipients can work or study constitutes one of the major benefits of the visa programme. They have the right to establish corporations or companies anywhere in the nation. Furthermore, having the chance to submit the EB-5 visa petition concurrently has made the programme more approachable and desirable.
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The prospect of a long-term stay in the United States is a further driver in the increasing percentage of Indians seeking EB-5 visas. This is because getting a permanent residency in the US by working for numerous years in the country is nearly unpredictable.
Moreover, investors who qualify for the EB-5 visa programme might get a temporary or conditional US green card that is primarily good for the first two years. Also, investors must spend agreed-upon funds, often approximately INR 8.6 crores or INR 6.4 crores in a targeted employment area (TEA), and establish or maintain a few particular numbers of jobs in the USA to be eligible for the provisional green card.
Recipients with EB-5 visas may apply with US Citizenship and Immigration Services (USCIS) to have their requirements lifted after receiving an interim US green card for the first two years.
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This requires proving the longevity of the financial investment and the establishment or preservation of the corresponding jobs. If the application is accepted, the investor will get a green card that will grant them a ten-year legal residency in the US.
Indians are increasingly departing their country in search of a better life in the West, as shown by recent statistics on citizenship renunciations published by the Indian government. Almost 50% of the 2.25 lakh Indians who chose US citizenship in the year 2022 (78,284) preferred it to countries in Australia, followed by Canada, and next the UK.
Indian investors have shown a lot of keenness for the EB-5 visa. Between 2016 and the start of 2019, there was an estimated 400% rise in calls for EB-5 visas altogether.
Source: Hindustan Times
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