India
The EB-5 Visa is an investor visa that helps Indian citizens and people from other nations obtain USA residency status after making certain investments in US companies. The EB-5 US Immigrant Investor Visa Program is available for Indian residents and is highly in demand among people from Bangalore, Punjab, Chandigarh, Chennai, Hyderabad, Pune, Ahmedabad, Delhi, and other Indian states and cities to get permanent resident status in the USA.
Benefits of EB-5 Visa for Indians
Indian people constitute the 2nd largest immigrant group in the US. The EB-5 Visa Program benefits Indian residents in numerous ways including the following :
- Obtain permanent residency in the USA if you meet the job creation and minimum investment requirements.
- Live, work, and travel anywhere in the USA without any restrictions.
- Your minor children (unmarried) under 21 years of age and your life partner can also benefit from this visa program.
- Start one or more businesses, enjoy a retired life without employment, or get jobs like government jobs without any sponsorship-associated limitations.
- Unmarried children under 21 years of age get the right to an education without encountering problems faced by foreign students. They can study as a day scholar without long separation from their family to get an excellent education.
- Enjoy the worldwide privileges of a green card including traveling without any visa to various locations around the world.
- Your life partner will also be provided a green card. So, he or she can also work, live, and travel in the USA without any spouse-centric legal constraints.
- Unmarried children get access to more scholarship and funding options than foreign students.
- Apply for an Overseas Citizen of Indian status and American citizenship, enjoying the status and privileges of both citizenships.
EB-5 Visa Requirements for Indian Citizens
To become an eligible applicant for the EB-5 visa, you have to meet certain qualifying investment and financial requirements as listed below :
- Invest at least $1,05 million in a US commercial enterprise or a minimum of $800 K in a “TEA” - Targeted Employment Area (8.0 M or 6.11 M Indian Rupee in a TEA).
- The said investment must create and maintain at least 10 full-time jobs for US citizens for at least two years.
- The said investment must be done in a new business directly or via a USA Regional Center project.
- The U.S. Citizenship and Immigration Services facilitate 10K EB-5 visas annually.
Income Requirements for an Indian Investor
To support successful business investment, an Indian investor has to follow certain financial criteria :
- A net worth of US dollars is 1.05 million for a married couple or an individual.
- Comparable future assets and income levels.
- At least $200,000 in individual income or a minimum of $300,000 in joint income in each of the last two years.
- Assets sources and their legal liabilities or obligations play a crucial role in the EB-5 visa application.
EB-5 Visa India Documentation Required
- Passports copy (applicant and his or her family members)
- A valid passport
- Criminal record
- Proof of any previous immigration applications (if applicable)
- Residential property registration documentation
- Evidence of the investment sum source
- Duty descriptions and title/profile/position statement
- Documentation of any other investment source
- Proof of the starting of the required investment
- Document showing that the certain investment made into the regional center creates at least 10 direct or indirect full-time jobs for the people in the USA.
- Documentation proving the setup of the pertinent business in a TEA.
EB-5 Visa Process for Indian Residents
Just like residents from other nationalities, Indian citizens have to follow an organized process for a US EB-5 investor visa as listed below :
- Select an investment advisor and/or immigration lawyer to help with your process.
- Create an EB-5 plan or find an EB-5 project that qualifies for this visa program.
- Make the minimum investment required and file an I-526 application with USCIS.
- Apply for Adjustment of status by filing Form I-485 and DS-260.
- Obtain a 2-year conditional permanent residency or Green Card.
- File a Form I-829 and gain your permanent residency by eliminating the status restrictions.
EB-5 Visa Costs for Indian Citizens
Alongside the investment of certain capital, an EB-5 applicant (Indian citizen) has to pay other fees and costs throughout the EB-5 Visa Investment Program including :
- 3,675 for filing USCIS Form I-526
- $3,750 for filing USCIS Form I-829
- Legal fee for immigration attorney; this amount can vary.
- $1,225/$345 fee for adjustment of status or Immigrant visa application respectively.
- Administrative fee set by each project, and this can vary.
- Business entity formation charges (It may differ based on the company or a lawyer you hire)
- Documentation translation (charges may vary based on the translator)
EB-5 Visa Can Lead to a Green Card!
At EB-5 Investor Portal, we have assisted many investors in acquiring their USA residency via EB-5 investor visa. We can assist you in easing the application process and other procedures of residency acquisition by investment in the USA.