Mumbai: A large number of high class individuals, business class and top corporate executive Indians are opting up to invest in businesses in the US through the EB-5 Investor Visa, also known as Golden Visa, which assures migration with a quicker eligibility for acquiring the much wanted American Green Card.
Presently, under the EB-5, an Indian is required to invest $500,000 (Rs. 3.2 Crore) for self, spouse, and any number of unmarried children. There is no minimum education or income requirements, except to prove that the investment amount is legitimately earned from business, profession, inheritance, gift or even a loan against collateral. The person is also getting an 8 percent return against the industry standard of 0.5 percent for the 5-year investment period.
After getting the EB-5, the applicant is free to live and work anywhere in the US — like any other US national- while the Green Card is processed, currently averaging at almost two years, depending on volume. With a 100 percent approval rate to its credit, the US Freedom Capital also helps investors and their families with introductions and assistance for their relocation to the US, right from tax planning to getting a cable connection.
Currently, India ranks 3rd after China and Vietnam in terms of investors under the EB-5 Visas with China grabbing the lion’s share of almost 85%. As per the inputs from the US, the Trump Administration plans to hike this amount to $920,000 per applicant in the regular category.