James Brown’s 1985 song ‘Living in America’ captures American pride in the country’s progress and prosperity at the time. Working and residing in the United States have been lifelong aspirations for a number of global citizens. And Indians are not lagging behind in making the United States their home. Although there are numerous ways to obtain US citizenship, the EB-5 Visa is considered the quickest way to settle in the United States.
The EB-5 visa program grants permanent residency and citizenship to Indian nationals. Indians seeking permanent residency and green cards through the EB-5 Visa have increased by 75% since the renewal of the popular investment program by the US government in 2019. In 2022, 2.25 lakh Indians chose US citizenship, followed by Australia, Canada, and the United Kingdom. Demand for EB-5 Visas increased by 400% from 2016 to 2019.
EB5-Visa essentially requires an individual to invest a specified amount of money in the United States in order to obtain a green card. Regional Centers and privately owned economic units with USCIS approval can facilitate investments in American businesses. These centers collaborate with developers or undertake infrastructure projects, such as a mall or hotel construction.
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The EB-5 visa program provides investors with a conditional two-year green card in exchange for capital investment in a targeted employment area and the creation of jobs in the United States. If the business is located in a Targeted Employment Area, investors can invest up to $800,000 directly or indirectly in the company. Alternatively, invest $1.05 million in a high-employment area business. In a targeted employment area (TEA) in the United States, the required amount of capital is nearly Rs 8.6 crore or Rs 6.4 crore in Indian Rupees. The funds may be invested in new commercial initiatives or regional center programs.
With the approval of the I-526 petition, the Eb-5 visa application process grants you two years of conditional residency in the United States. To become a holder of an Eb5 visa and a permanent resident of the United States, you must submit an I-829 petition before the expiration of your conditional residency. Once the I-829 petition is filed, obtaining a permanent green card takes between 22 and 45 months.
Age, education, and prior business experience are not prerequisites for applicants. For Green Cards, family members, including spouses and children under the age of 21, are permitted to accompany you.
The US EB-5 visa program, also known as the Golden Visa, attracts wealthy applicants seeking permanent residency in the United States and substantial investments. Not only does the EB-5 visa program offer Indians a faster, simpler, and more secure path to obtaining a Green Card than other visa alternatives, but it also allows them to invest in projects that contribute to the economic growth of the United States by creating jobs.
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Conclusion:
Through the EB-5 Immigrant Investor Program, the US Golden Visa gives foreign investors a one-of-a-kind chance to build a future in the US. You can live the American dream if you put money into the right things and follow the right steps when applying.
People Also Ask:
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How can I get a Golden Visa in the USA?
In order to qualify for this visa, you must invest at least $800,000 in a U.S. business and create at least 10 jobs. If you qualify for the EB-5 Visa, you receive a green card and are permitted to live in the United States. Include dependent family members on your application.
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What is the EB-5 2023 processing time?
According to the US Department of State’s Visa Bulletin for June 2023, the EB5 visa wait time is Current (no backlog, no retrogression). The estimated I-526 processing time ranges between 24 and 36 months. The investor is issued a temporary Green card for investment in the United States at the conclusion of the approval process.
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How can I get a golden visa in the USA?
To receive this visa, you must invest at least $800,000 in a US enterprise and create at least 10 American jobs. If you are eligible for the EB-5 Visa, you receive a green card, and you are allowed to live in the US. You can include your dependent family members in the application.
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What is the best way to get a golden visa?
To be eligible, you must spend at least AED 10 million in a business, buy a property worth at least AED 5 million, or have a valid job contract with a fixed salary of at least AED 12,000. A UAE Golden Visa also makes it possible for the holder’s family members to live in the UAE.
