EB-5 and Its Growth in the Indian Market
Published by Davies & Associates at October 13, 2016
The EB-5 Investor visa is a path to obtaining a green card for foreign nationals by investing money in the United States of America. In order to obtain the visa, individuals need to invest $500,000 in a targeted employment area (TEA) and $1,000,0000 in areas other than a TEA and create at least 10 jobs in the United States. There are two ways to get an EB5 visa:
- Direct Investment
- Investing in a regional centre
The EB-5 Investor market report 2016 states that the EB5 investor visa program saw a boost in the Indian market as India was ranked as the fourth largest EB-5 investor market in terms of its I-526 approval volume in 2014. Moreover, it is expected that this trend will see an upward trajectory in the coming yearṣ. On an average India has seen approximately 34 I-526 approvals since 2008. A 73.77% increase has been seen in the I-526 approvals since 2008 along with which a 24.67% increase has been seen in the usage of EB-5 visa in between 2012-2014. India holds 7.41% of the world’s total market share of I-526 approvals since 2011 and generates about $84 million in U.S. Foreign Direct Investment (FDI). India’s economy is increasingly gaining stability which when combined with the central government’s investment promotion showcases a positive growth for the immigrant investor sphere. This has been made possible because the Reserve Bank of India has been significantly reducing capital controls over the past few years. From 86 I-526 approvals in the years between 1990-2007 to 169 approvals in the years 2011-2014, India has showcased the potential growth of the EB-5 Investor program to the best of its ability.Why EB-5?
When we look at the different ways to obtain a Green Card in the United States we are presented with an array of choices, it is our duty to pick up the best option that guarantees maximum success, and thus EB-5 tops the list.
Looking at the Indian economy and its connection with the EB-5 Visa, what is important is that we evaluate how this program is benefiting the Indian population. For that we must look into how the EB5 Investor visa program is contributing towards Make in India or how it is the most feasible way for HNI’s to obtain a green card. What is also important is that we look into how this investor visa program is a step forward for Indian students who are studying in the US. It enables them to bypass the obstacles of H1B visa by getting a green card through the versatile EB-5 Investor visa program.How to Get an EB-5 Visa?
The first step in getting an EB-5 Visa is seeking proper legal advise and deciding on what route needs to be taken, i.e., whether the investment would be direct or through a regional center. Once decided, the next step is project due diligence, document the source of funds and preparing the EB5 petition. For this a full service, well equipped immigration law firm that specialises in EB-5 visa with knowledge of local laws of the petitioner’s country is the best choice.