Hyderabad: The United States of America (US) is deemed by millions across the world as the veritable land of opportunities and for scores of them, landing a chance to get into the ‘New World’ is nothing short of a dream come true. And there is the added lure of earning in dollars, the world’s most revered reserve currency.S 5-year lock-in period for the $500k investment
- Additional processing expenses of $79K
- Investors can get Greencard in 18 months
- Many Indian HNIs showing interest in this visa
But the arrival of maverick Donald Trump into the White House, the seat of the US Government, changed the fortunes for worse of the ‘foreigners’ dreaming of working in the North American country as the billionaire real estate tycoon declared a war on employment-based immigration and tightened screws on H1-B visas, the popular route to a job in the US.
But this programme doesn’t come free though as it entails additional expenses of $79,000 (Rs 50.86 lakh) towards administration, legal and filing expenses. “The EB-5 Immigrant Investor Programme provides Green Cards and permanent US residency, the direct path to US citizenship, to foreign investors and their immediate family members upon making an investment in a US business that creates at least 10 American jobs,” Suresh Rajan, Chief Executive Officer of US-based LCR Capital Partners, told The Hans India from the US.
Founded 2012 by Rajan and two others, LCR Capital is raising $200 million through the EB-5 programme for The Surf Club Four Seasons Hotel & Residences, a new luxury beachside hotel that has just come up at Miami, Florida, in March this year. “The EB-5 Visa Programme has witnessed a steady growth in Indian applicants. Currently, we are working with more than 150 clients globally on their EB-5 requirements, with more than 50 from India,” he said.
Read more at: The Hans India