Thursday, December 19, 2024

Indian investors eye U.S. EB5 visa for residency and investment opportunities

For Indian investors seeking a reliable route to U.S. residency, the EB5 program offers both a pathway to a green card and an opportunity to invest in some of the most secure projects in the U.S.

PRAVASISAMWAD.COM

A recent trend in global migration shows a significant number of high-net-worth individuals from countries like China and India seeking residency abroad. According to Forbes, approximately 13,500 wealthy Chinese nationals and 9,400 Indian nationals are expected to leave their countries between 2023 and 2024. These individuals may find a recent 2024 U.S. News & World Report particularly appealing, which ranks the U.S. as the third-best country in the world, behind only Switzerland and Japan. The U.S.’s global standing, combined with its promising investment opportunities, is a significant draw for these investors.

For foreign investors, the American EB5 regional center program stands out as one of the most attractive immigration options. Four key concerns drive their decision-making: obtaining a green card, the timeline for approval, the security of their investment, and the return of their funds.

The wait times for an EB5 green card are notably complex. The American Investor Alliance (AIIA) emphasizes that calculating wait times requires an understanding of how many visas are available, the number of investors already in the queue, and how visas are allocated by country and category.

  • Historically, high-unemployment-area (HUA) regional center projects have been a popular choice for Chinese and Indian investors

  • These projects, often centered around real estate, have demonstrated stability and successful outcomes

  • Regional centers like CMB, Behring Capital LLC, and EB5AN have built strong reputations for delivering results

  • Investors not only secured green cards but also saw their invested capital safely returned, typically within five years

Factors like family size, processing speeds, and visa denial rates also play a role. However, AIIA sums up the situation simply: demand exceeds supply, leading to inevitable wait times. This backlog is particularly pronounced for applicants from China and India, which face additional country-specific caps.

Despite these challenges, there is some encouraging news for prospective investors. In recent seminars conducted by WR Immigration, Charles Oppenheim, former Chief of the Immigrant Visa Control and Reporting Division at the U.S. Department of State, reassured participants that the set-aside category of EB5 visas should remain current for the first half of the 2024-2025 fiscal year, and possibly until the fiscal year ends on September 30, 2025. For Chinese and Indian investors filing their EB5 petitions now, this means they could see approvals for their conditional green cards within approximately two years.

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Roma Ghosh
Roma Ghosh
Roma Ghosh has recently retired as Associate Professor for Media Studies from an international university. She was with the Times of India as a correspondent for many years. Her passion is cooking and she has been doing recipes and photo shoots for Women's Era for the last 15-odd years.

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