US investor-linked visas to Indians up 4 fold in 2 yrs - Desis buying GC's

[Spartan]

The number of Indians getting investment linked EB-5 visas in the US, also known as “cash for green card”, has risen nearly four-fold in the past two years.

According to statistics issued by the US Department of State, 585 such conditional green cards were issued to Indians during the 12-month period ending September 2018, as against 174 in fiscal 2017.

Compared with the allotment of just 149 conditional green cards during fiscal 2016, this reflects a massive increase of 293% over a two-year period. In terms of number of visas granted, India toppled South Korea and Taiwan to take the third spot behind China and Vietnam in fiscal 2018.

Over the past few years, hundreds of Indians, including those already working in the US have been lining up to apply for EB-5, an investment linked visa. The wait has borne fruit, going by the huge jump in numbers.

The EB-5 program requires an investment of $1 million and creation of at least 10 jobs. This limit drops to $500,000 for investments in certain targeted employment areas. Investments via regional centres that pool in money for various projects, especially in the real estate sector, are more popular than setting up one’s own operations. After holding a conditional green card for 21 months, an investor can apply for permanent residence, subject to fulfillment of conditions.

Interest from Indians for the EB-5 visa has spiked in recent years, given that obtaining H-1B visas, including extensions, are now more difficult.

“Extension of H-1B visas are also being subject to the same rigorous scrutiny with denial rates on the rise,” says Mitchell L Wexler, partner, Fragomen, a global immigration law firm.

“Also boosting the demand is the fact that work authorisations available to certain category of H-1B spouses will be rescinded. Children of several H-1B workers, especially those who are in the queue for a green card under the employment category, are also ageing out. Post 21 years, they can no longer hold the dependent H-4 visa, but need to migrate to another visa (say student visa) or self-deport to India,” says Wexler.

Given the backlog which Indian investors could face in the near future under EB-5, investments must be planned in advance to protect the child’s interest,” he adds.

 

TOI has reported earlier that even rich families based in India tend to gift the investment sum to a child studying in the US. After completion of studies, the EB-5 visa enables him or her to work without having to throw the hat in an H-1B lottery.

Only 10,000 EB-5 visas are issued annually, with a 7% per country cap. If a country doesn’t meet the cap, the unused visa quota is redistributed to other countries. Currently, Chinese and Vietnamese investors are facing a retrogression (which arises when the applications exceed the cap set) and the waiting time for Chinese is nearly 14 years. The current waiting period for Indians, to obtain a conditional green card after making an investment ranges roughly between 18 and 30 months, depending on how fast the application (526 petition) is approved.

Indian investors too could face retrogression from July or August this year, which would increase the waiting time further by a few years. This will still be significantly shorter than the wait time for standard employment-based green card applications where the waiting time is upward of 17-plus years.

The US Department of State has also released figures of pending applications, as of September 30, 2018. The maximum pending applications were from China at 8,180, followed by 1,633 applications from India. A proposed hike in investment limits and recent investor scams has made investors more careful, but the interest has not waned.

[LazyRohit]

Mana Valla digaka a program ayina ante 😂 EB 1-5 any program single handed ga sanka nakistaru

[jefferson1]

Entha vundali eb5 apply cheyalante

[reality]

1 minute ago, jefferson1 said:

Entha vundali eb5 apply cheyalante

Amaravathi lo 2 acres land ammithe chalu.

[tacobell fan]

8 minutes ago, reality said:

Amaravathi lo 2 acres land ammithe chalu.

Black to White conversion + Rupee to Dollar conversion ayyaka actual number chusthe common sense unna evvadu GC kavali ani anadu. 

[tacobell fan]

11 minutes ago, jefferson1 said:

Entha vundali eb5 apply cheyalante

White aithe 3.5 cr black aithe Danni 3.5 cr conversion ki kavalsinantha tax pay cheyyali. This is bear min amount. So project ni batti risk + amount vary avvudhi. 

[tacobell fan]

39 minutes ago, Spartan said:

According to statistics issued by the US Department of State, 585 such conditional green cards were issued to Indians during the 12-month period ending September 2018, as against 174 in fiscal 2017.

idi Pedda number ee kadu. 585 is nothing. Indulo celebrities and big shots ee untaru.

[bhaigan]

Sitti bhayya what about this ? manchide na invest cheyacha

https://www.shooraeb5.com/

[perugu_vada]

Odemma chinki gaallu antha mandhi apply chestuntara ante eb5 lo  14yrs wait time ante

[tacobell fan]

33 minutes ago, bhaigan said:

Sitti bhayya what about this ? manchide na invest cheyacha

https://www.shooraeb5.com/

By Law, when you invest in EB-5 project the company is not supposed to give you any guarantee on the money or returns. It's a pure risk you have to believe and take. So if the company files Chapter 11 you are ready to lose that investment. I met one attorney  and suggested it's not worth it unless you have big fat money and accept risk. One Russian guy paid $500k, and the project was scrapped and he lost all of it the next day he invested another $500k. If you are that capable then we are talking.

[pahelwan]

51 minutes ago, perugu_vada said:

Odemma chinki gaallu antha mandhi apply chestuntara ante eb5 lo  14yrs wait time ante

Vallu g balsinolu untaru houses kuda net cash konestaru Cali lanti place la ne

[user789]

40 minutes ago, tacobell fan said:

By Law, when you invest in EB-5 project the company is not supposed to give you any guarantee on the money or returns. It's a pure risk you have to believe and take. So if the company files Chapter 11 you are ready to lose that investment. I met one attorney  and suggested it's not worth it unless you have big fat money and accept risk. One Russian guy paid $500k, and the project was scrapped and he lost all of it the next day he invested another $500k. If you are that capable then we are talking.

what happened on the second $500k ?

[tacobell fan]

13 minutes ago, user789 said:

what happened on the second $500k ?

I did not ask

[katuri]

He is big fruad from MH

[phatposts]

Ekkada black money thrive avtunte ee bada bada companies akkada naakutayi. India China Africa antoo emi lekka undadu.

China EB5 sales scheme mottam complete ayipoyyindi. Vaallaki inka EB5 anedi kotta emi kaadu. New market is India. 

Check all these firms organizing "seminars" in Delhi Bombay. All big time politicians going there for credibility to pump the money. Example, aa bewarse Ted Cruz gaadu.