Over the past 30 years, the EB-5 Visa has attracted foreign investment amounting to billions of dollars into the USA. This Business visa USA offers a Green Card, i.e., permanent residence to high net worth individuals (and their families) who can invest a minimum of $900,000 (approximately ₹6.5 crores) in a commercial U.S. enterprise that creates or maintains at least ten jobs for U.S. workers.
Historically, Chinese investors have benefited most from the EB-5 visa. But new trends and predictions indicate that investors from India are now increasingly pursuing the EB-5 US Business visa process. In 2019, 1,000 Indian investors applied for this program, compared to only 350 in 2016. This increased demand has also led to higher visa issuance for Indian applicants.
In F.Y. 2020, Indian investors received the 17% of all the EB-5 Visas grant by USCIS. The year before that, only 9% of the total EB-5 visas issued were to Indian applicants. Thus, there is a marked increase in Indians pursuing business immigration to the USA. This surge demonstrates that Indian investors wish to provide financial flexibility to their families and leverage lucrative investment opportunities in the USA.
This program is one of the most popular U.S. Business visa types among Indians. Two years ago, the waiting period and backlogs for Indian applicants had dramatically increased. More recently, the waiting period has decreased due to higher visa availability and price adjustments. As of December 2020, there is no backlog or extra waiting period for Indian applicants.
The U.S. Department of State has announced that in F.Y. 2021, the waiting period for an EB-5 US business visa application submitted from India will be even shorter. As per industry experts, aspirants should consider the tax benefits and apply for this visa before the second quarter of 2021. As the fiscal year ends, Indian investors must also consider the RBI’s restrictions that limit foreign money transfers to $250,000 per year.
So, aspirants can opt to transfer a part of the capital investment funds in the first quarter of 2021 and the remaining amount in April to satisfy the RBI rules and meet the EB-5 US business visa requirements. Obtaining an EB-5 visa helps to diversify your investment portfolio and can potentially increase your individual and economic freedom, allowing for tax optimization.
Ultimately, Indian investors are attracted to this United States Business visa due to the benefits of obtaining Green Cards for themselves, their spouse, and unmarried children under 21. It also provides admission advantages and reduces tuition fees for those who wish to pursue further education in the USA.
Investors can reside anywhere in the USA, return to India for business or personal reasons while maintaining U.S. residency, and apply for U.S. citizenship after living in the country for five years. The flexibility and accessibility of this Business visa USA are genuinely incomparable. To find out more about this immigration pathway, contact us below.
This content was originally published here.