The US is a nation of dreams. People all around the world wish to move to this exciting land of opportunities. Making it in New York City and entering the Silicon Valley are considered equivalent to a successful life for educated professionals. Getting an EB-5 investor visa can help you achieve this dream.
Becoming a US resident is a challenging task. However, the EB-5 visa program offers an excellent opportunity for investors to obtain residency in the country. Investors globally have been taking advantage of the US EB-5 investor immigration program for creating a fulfilling life for them and their families. It offers better education opportunities for their kids and opens the doors to excellent employment.
The EB-5 immigration program enables investors to acquire permanent residency (green card) in the US. With an investment of $500K in qualifying business projects, investors can become legal residents of the country. However, things have been changing recently, and you must take advantage of the EB-5 visa program as soon as possible.
EB-5 Investor Visa: Immigrate Before The Change
The EB-5 immigration process is simple and quickly became one of the most popular ways to migrate to the states. However, new regulations will soon come into effect that will impact the entire visa program. These regulations include a higher investment amount in specific areas for acquiring a second residency by investment in the US.
The current regulation for an EB-5 investor visa in “Targeted Employment Areas” (TEAs) includes a $500K investment, which will increase to $900K from 21ˢᵗ November 2019.
The current regulation for an EB-5 investor visa in non-TEAs includes a $1 million investment, which will increase to $1.8 million from 21ˢᵗ November 2019.
These new regulations will also lead to an increase in the investment amount every five years, after accounting for inflation.
Last Chance To Get An Eb-5 Investor Visa For $500k
The Federal Government will take charge of the geographic location of the TEA, which will significantly impact the EB-5 visa program. Indian investors looking to migrate must acquire the EB-5 visa before 21ˢᵗ November 2019 to take advantage of a second residency by investment in the US at a lower investment amount.
Indian investors will also face the threat from the retrogression of the EB-5 investor visa. The US offers 700 EB-5 visas every year to India. This limit is already exhausted for the fiscal year 2018, taking India to retrogression for its EB-5 investor visa cap.
The effect of this backlog may be seen in the form of a longer waiting period of getting the visa. From the earlier 2-3 years waiting time, this backlog will result in an additional waiting period of 4-5 years. Indian investors will, therefore, get the green card after 6-8 years.
$400k is a substantial increase in the amount for investment in TEAs. Non-TEAs call for an $800K increase in the investment. To avoid this increase, it is advisable to apply for the EB-5 immigration program before the date of the change arrives.