Every week, on average, three Indians are signing up to shell out half-a-million dollars each to have a go at living the American dream, through a sponsored ‘invest in the US and get a green card’ program called the EB-5.
The EB-5 Investor Visa program provides an opportunity for immigrant foreign nationals and their immediate family (children up to the age of 21) to obtain US green cards and permanent residency in mainly two ways.
“We have signed up 210 investors in a very short time and 42 are Indians,” said Rogelio Caceres, co-founder & CMO of LCR Capital Partners, an investment cum immigration consultancy that invests applicants’ funds into companies such as Dunkin’ Donuts and Four Seasons.
He attributes the current rush for EB-5 to two factors: uneasiness over the Trump administration’s take on H-1B and the expiry of the EB-5 visa program in April.
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