H1B visa game is turning muddier and scarier for Indians as the government is coming up with new norms every now and then. Now, Indians will have to shed at least half a million dollars into US business investment to get the green card. The new EB-5 programme will make you invest 5 million dollars to get the US green card.
As per the EB-5 norms, the immigrant and their immediate family member can get the US visa by two ways:
1. Make a direct investment with at least $1 million and initiate a business. With this, they will have to create 10 full-fledged American jobs.
2. The other way asks you to make one time investment in any of the government-approved business with a capital of $500,000 which makes Rs. 3.4 crore. With this the investor will create 10 full-fledges American jobs in rural areas.
The government plan is blooming and many Indians are putting their money into it. As mentioned by one of immigration consultant, out of 210 investors who have enrolled for the programme, 42 are of the Indian origins who want to make their America dream come true.
As the reports say, the top business contenders like Aditya Birla, Reliance, McKinsey don’t want their preceding generation to suffer out of the nation blues. Thus, taking keen interest in these investment plans.
Last month only, the investor visa programme (EB-5) was introduced with some important changes such as rising the investment amount from $500,000 to $1.35 million dollars.
Sources also revealed that investments from Indians for acquiring US green cards are multiplying by every year and the growth rate is almost 30% for each preceding year. With this, the US government has created the safest phase for the US dwellers because if the start up company fails to create the required number of full time jobs, their green card will not see any progress.
