The US DHS (Department of Homeland Security) has proposed an investment increase for the EB-5 visa scheme, which was earlier priced at a minimum $500,000-$1 million, to $1.35 million-$1.8 million.
The EB-5 programme allows people to apply legally for a Green Card and permanent residence, which will let them bring their close family members when they invest in a business in the United Status and generate 10 full-time jobs for citizens of the US.
The sum of $500,000, which was applicable only in areas and states that needed to be economically developed, would now cost $1.35 million. On the other hand, the minimum investment of $1 million, which was applicable in urban settlements, has been hiked to $1.8 million.
Besides raising more revenues, the increase in the investment visa programme, it is said, would promote setting up of larger enterprises and make sure that only serious affluent investors would apply for it.
The DHS has set a deadline for the feedback on the new proposals to be sent on or before 11 April. There is speculation that the new EB-5 regulations would be effective soon after that.
The American Bazaar quoted the DHS as saying in the Federal Register that the proposed measure are expected to yield long-term benefits by creating more jobs for the native Americans.
If you are planning to migrate to the US, Y-Axis, India’s leading immigration consultancy company, would only be willing to help you out professionally to apply for a visa from one of its several centers located all over India.