US Investment Visa To Get Expensive!

Mon Jan 29 2018 13:53:54 GMT+0530 (IST)

Ever since Donald Trump took the reigns of USA as the President, he is tightening the immigration policies.  Trump administration's proposals in the immigration policies are giving jitters to the people with dollar dreams.  EB-5 is one among the several visas available to stay in USA.  Popularly knows as Investment visa, it is an expensive visa.

According to the United States Citizenship and Immigration Services(USCIS),  the number of applications for investment visa has been increased from 90(2016) to 174(in 2017).  They have recently given indications that they fix the visa programme by increasing the investment.  USCIS tweeted recently that "EB-5 visas provide lawful permanent residence to foreign nationals who promote economic growth in the United States. We're working to fix the programme."

They also revealed that they are planning to increase the investment levels to put a full stop to misuse. They are proposing that the threshold of investment to be raised from $1 million (Rs 6.4 crores) to $1.8 million(Rs 11.4 crores). In terms of Indian rupees, they are planning to increase the price by 5 crores.

Amid the concerns of drastic changes in the visa rules, these proposals came as a breather to the rich Indian families who opt this route for permanent residence.  As per EB-5 visa programme, an individual has to invest the amount in specified rural areas of  USA.  It should give permanent employment to 10 Americans at the minimum.  If an applicant fulfills these conditions then he will be granted conditional permanent residence(It is not citizenship) for him, his wife and children below 21.