Indians may see jam on EB-5 visa route to the United States


NEW DELHI: The EB-5 visa route to the United States may not continue to offer a smooth ride to well-heeled Indians for long. Indian applicants are likely to breach the annual cap of 700 for the first time, according to consultants, making the once-easy-to-obtain immigrant “visa-for-cash” more elusive. A growing number of Indians have been opting for the EB-5 immigrant investor programme owing to stricter regulations on other visa categories such as H-1B and H-4 .

Under the programme, entrepreneurs and their spouses as well as children under 21are eligible to apply for a green card, which allows permanent residence if they make an investment of $500,000 and plan to create or preserve 10 permanent full-time jobs for US workers.