The US EB-5 Visa is an investor program that offers Green Cards to overseas nationals. It is for those who invest a minimum 500,000$ in the US. Aaron Schock the US Congress member said that the investment limit for this visa is expected to remain unchanged till December.
The EB-5 Visa is the fifth preference employment based category. It is a pathway for the High Net Worth Individuals to obtain the Green Cards. This offers them Permanent Residency in the US for their immediate family members and themselves. It is through a 1-time minimum investment of 500,000$ into the fresh business venture. This must create 10 or plus jobs for the US nationals, as quoted by the Deccan Chronicle.
EB-5 Reauthorization Bill 2012 Chief Sponsor Schock said that the EB-5 program is due to get an extension in September. The hike is not expected at that time. But the investment limit may change in the new session of the Congress, he added.
The EB-5 market is increasing by 30 to 40% annually from India as per the estimates. It is anticipated that this will grow significantly in the 3-4 months ahead. This is because a steep hike in the investment limit has been estimated.
The Republican Congressman said that the program is there from past 3 decades. But, its price has remained constant, added Schock. It is as high as 4 million $ for Australia, 2 million $ for the UK and 1 million $ for Canada, he informed.
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