Monday, September 15, 2014
Quick route to US green cards: After Chinese & Koreans, HNIs go for EB5 permanent visas
For the first time since it was created 24 years ago, employment-based fifth preference (EB5), the American government's fast-track permanent residence programme for people willing to invest half a million dollars and create 10 jobs in the US, has hit its annual cap for the 2014 fiscal year as far as Chinese nationals are concerned.
And it's not just the Chinese. Rich Indians, too, are increasingly looking at EB5, under which up to 10,000 visas are issued a year to immigrant investors to help stimulate the US economy. Investments are routed through designated regional centres in the US, which are authorised by the US Citizenship and Immigration Services. Read more: http://articles.economictimes.indiatimes.com/2014-09-08/news/53691391_1_rich-indians-green-card-eb5-programme
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