INDIANS TO THE EB5 PROGRAM?
The EB-5 industry has noticed a massive uptick in the number of EB5 investors coming from India.What’s drawing them in?
Increasing restrictions on other visa categories have made the EB5 visa stand out as a more attractive option. There are no job or skill requirements and no employer sponsor requirements when investing in the EB5 Program.
Indian nationals like the quicker route the EB5 visa affords. Other visa categories can now take as long as ten years before an applicant can obtain a visa. The EB2 Program can take upwards of 10 years.
The EB5 visa also offers more freedom once the investor is in the U.S. The EB5 investor is not required to live near their investment. They can purchase a home and live anywhere in the U.S. After living in the U.S., EB5 investors may even qualify for in-state tuition fees for universities.
It lets the visa holder also obtain Green Cards for their spouse and unmarried children under the age of 21 years all under one application. Additionally, 5 years after qualifying for a green card, an EB5 investor and their family may qualify for U.S. citizenship.
Indian nationals are switching from investing in the Direct EB5 Program to the Regional Center Program to reduce risk. Investing in the Regional Center Program costs less; its minimum investment requirement is $500,000, as opposed to the Direct Program’s minimum requirement of $1 million. The Regional Center Program also has easier job creation requirements, which reduce the risk involved in investing in the EB-5 Program.
Even with the minimum investment amount of $500,000, numerous Indian entrepreneurs and high-wealth families feel that the EB5 Program is a good option due to the United States’ strong economy, top-tier colleges, and world-class companies. Even with stricter immigration laws, the U.S. continues to attract top talent from around the world.
Despite the restrictions on remitting capital out of India, moving the $500,000 needed for the EB5 Program is still do-able, especially for couples. Assuming the EB-5 Regional Program will be renewed, one major concern EB5 investors from India should wonder about is if the investment amount for the EB5 Program will increase. This may bring up new issues when trying to remit capital out of India. Another major concern is when will India face retrogression? To combat both these issues, potential EB5 investors should invest as soon as possible.