The popularity of the “US Golden Visa” program is explained by tightened options of other visa categories and the transparency of the EB-5 process.
Indians comprise one of the largest groups of prospective investors in the US economy who intend to exchange their funds for the chance to legally move and settle in the United States. According to the latest available data issued by the authorities, in 2016 alone, over 260 high networth individuals and financially independent persons from India applied for the program. Indians are “competing” with the Chinese and Vietnamese nationals for the highest number of EB-5 applicants.
Once the EB-5 acquisition process is over, the applicant is granted the right to legally live and work anywhere in the US. The subsequent Green Card issuance process then takes up to two years.
As per the current EB-5 type US investor visa regulations, Indian nationals are required to make an input from 3.3 crore to 6.5 crore for themselves and members of their families.
The program does not specify minimum requirements for education or income, but the applicants are still expected to prove they have obtained their funds through legal means.
Will the EB-5 investor program be changed in 2018?
Although the EB-5 investor program conditions have remained largely unchanged for over two and a half decades, the Trump administration may introduce some novelties. The one that, according to expert prognoses, could potentially cut the number of Indian applicants by up to 80% is tied to the program cost. There are propositions to up the minimum investment amount from $500,000 to around $1 million.
There is no doubt that, with impending changes in the price range of the EB-5 visa program, many more Indians will express their desire to seize the moment and apply. We cannot stress enough the importance of choosing reliable, trustworthy and reputable legal counsellors.
Migronis specialists advise the EB-5 applicants to select their investment areas and objects carefully, and provide legal help on every step of visa acquisition process. With smart and well thought-out investing, the applicants can get their capital back.
The Migronis company specializes in assisting high net worth individuals from all over the world with relocating to other countries. With dozens of successful cases under their belts, our specialists are very well-versed in international migration laws and keep track of every minor change in every visa program to ensure that our clients’ legal journeys are as quick and worry-free as possible.