Hyderabad: In the current world it has become a challenge for foreign nationals to gain a permanent residency in the United States. It has been more tightened after recent changes with the VISA rules from the new American President, Mr. Donald Trump.
Furthermore, India born individuals are experiencing increasing retrogression in their VISA priority dates. What it means is that they have to wait for 10-15years for their Green Cards under normal sponsored VISA categories. The EB-5 category brings a great opportunity for foreign nationals to get their Immigrant Visa (Green Card) within 18-24 months.
“EB-5 is a Government Mandated Green Card category open to all immigrant hopefuls, including Indian Citizens, who are ready to invest and migrate to the United States within 2 years” informed New York Immigrant Fund(NYIF) team headed by Arun Nanda.
A lot of Indians are desirous to live an American Dream but most are bogged down by lack of sponsorship—employment or familial. Those who have sponsorship are bogged by agonizing wait period. On the other side, the US Government is implementing strict Visa rules making it even more difficult for Indian work-force to get non-immigrant employment visas. A minuscule percent of the Indian people are aware that they can explore American Government mandated EB-5, The Immigrant Investor Program. The purpose of our visit is to creat awareness about this program through our Indian partner, CrossBorders, informed Arun Nanda.
Corssborders is Hyderabad based HR and Consulting firm has associated with United States Citizenship and Immigration Services(USCIS) approved EB-5 Regional Center, New York Immigration Fund.
The NYIF team is on an Indian tour, part of which, it has reached Hyderabad. The team will be camping in Hyderabad, addressing an Industrial Bodies Seminar in Hotel Trident, Madhapur on 22nd February. It will be held at 3pm and will go on till 5pm. Though the entry to Seminar is free, but it is strictly by invitation only. Those interested in attending it, may please email their participation to [email protected]
100 plus members of the various industries bodies such as HYSEA, CII, FTAPPCI, FICCI, TiE, FLO, ALL, COWE, ALEAP, HMA, High Net Worth Individuals, Professionals such as Doctors, Lawyers, and others.
Arun Nanda and their Indian Partner Firm CrossBorders represented by its Director and COO Bhaskar Dulam addressed the press conference here in the city today.
EB-5 immigrant investor program is the best bet for Indians informs Bhaskar Dulam.
EB-5 visas are the best answer for enterprising Indians as one qualified investment can result in a green card for the applicants, their spouses and children under 21 years of age added Bhaskar Dulam.
The aspirants going through the EB-5 program must meet specific United States Citizenship and Immigration (USCIS) requirements to obtain their permanent residency.
The investor must meet capital investment amount $500,000 or $1 million capital investment amount into a U.S. commercial enterprise. They need to create ten jobs for the US Citizens, to get qualified for the EB-5 program. EB-5 visa applicants, their spouse, and their children under 21 will obtain their permanent residency green card once all requirements have been successfully met and approved by the USCIS, added Bhaskar Dulam.
Under EB-5 program conditional Green Card will be issued within 15-18 months after submitting applications and making the investments. If visa conditions are met in two years, then the permanent green card will be issued after two years. A green card-holder can apply for US citizenship after five years. “The US government is also concerned about employment opportunities this program generates.
NYIF Regional Center with experienced legal team assist the applicant to get Permanent Green Card. NYIF Will take complete care of funds by investing in suitable projects for all the applicants and meet the US Federal requirements and help in EXIT from the project once Permanent Green Card is been issued.
More than 1000 Indian entrepreneurs have already obtained permanent residency through this route. And more and more are going for it. India is the third most country to have opted for this program after China and Vietnam. The EB-5 program is exploding in popularity. More Indian entrepreneurs, professionals, high net worth Individuals are taking advantage of it. Over 20,000 investors from all over the world invested in the EB-5 program last year. The response to this program from Hyderabad and Telugu States is very encouraging, added Bhaskar.