Gone are the days when Green card was available based on the number of days stay in USA and based on spouse US status. There is a paid invitation visa programme making Indian directly eligible for green card.
Pay and Get it – How does it work?
ü Under the EB 5 programme non-Americans can invest in the US and get green card. Two routes to this programme are as under:
- Direct route – Start a new business and creating at least ten full-time local jobs
- Indirect route – Invest in US government approved EB-5 project
ü The visa fiscal year is from October 1to September 30.
ü If the investment is in a targeted employment area (rural area with high unemployment) –Investment threshold is half-a million dollar.
ü If the investment is in non-targeted area, investment is million dollar.
ü The total time taken to get a green card via the EB-5 route is 2 to 3 years as compared to 10 to 15 years cycle to get a green card through H-1B or other routes.
Past record
With fat pay packets, Indians have made bee line by spending million dollars to start business in US. Earlier marrying a US citizen was fastest way to get a green card. But now the scenarios have changed.
NPowersU Expert Opinion
Imagine a person in an high flier executive job in India wishing his son/ daughter to study in best US University. What after he completes his study? His son/ daughter will not be willing to return to India. In this case, either of the parent will apply for visa under EB-5 route. Pay and relax. Visa in your hands! And mind it. It is an investment and the person will get a return on investment which will be taxable in India and in US too. The return cannot be compared to returns that he may get on a sound financial investment. But he buys peace with the Visa authorities and surely with his son/ daughter too.
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