In recent years, the EB-5 visa has seen a rise in popularity amongst Indian nationals who wish to emigrate to America. Indian Nationals received 17% of all EB-5 visas issued in fiscal year 2020 and that number is likely to increase in the coming years, especially after the pandemic and the USA EB-5 Reauthorization of March 2022. So what is the explanation for India’s recent EB-5 boom?
1. Increasing restrictions on other visa categories
One of the unique aspects of the US EB-5 visa program is its lack of restrictions. Immigrant investors need not worry about employment or education requirements; the EB-5 program only requires that participants invest in an American new commercial enterprise with legally sourced funds and that their investment create full-time American jobs. When compared to the restrictions on other employment-based visas it’s clear that the EB-5 program is significantly less restrictive.
2. The EB-5 program offers a faster path to Immigration
Other visa categories have a much longer timeline before an applicant can obtain a visa, such as the EB-2 Program which can take upwards of 10 years. Compare that to the EB-5 program, which currently has no backlog of Indian applicants, meaning that Indian investors can apply to receive an EB-5 visa as soon as their I-526 petition is approved.
3. It’s a family-sized package of green cards
Although the EB-5 Investment Amount usa requires a minimum investment of $800,000 (provided that the investment is in a Targeted Employment Area), it includes green cards for the principal investor, their spouse, and all their unmarried children under the age of twenty-one. Whether an investor has one child or four or more they could all potentially qualify for a green card under the principal applicant’s petition, which makes the EB-5 visa the most efficient option to obtain green cards for your family.
4. The EB-5 visa also offers more freedom once the investor is in the U.S.
The EB-5 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., EB-5 investors and their families even qualify for in-state tuition fees.
5. Regional Centers Minimize Risk
The vast majority of immigrant investors utilize regional centers to minimize risk. Rather than creating a new commercial enterprise on their own, EB-5 investors invest in regional centers. This has several benefits, regional center projects are typically located in TEAs to ensure investors only need to invest a minimum of $800,000 to receive their EB-5 visa, and they also have easier job creation requirements. These benefits reduce the risk involved in investing in the EB-5 Program, and trusted regional centers often boast a near-perfect record of their investors receiving visas.